Darwinium upgrades its payment fraud protection platform

Security and fraud prevention vendor Darwinium has updated its Continuous Customer Protection platform to provide shared intelligence on anonymized data sets. The company claims that the update ensures customers remain in control of users’ data while also preventing Darwinian from becoming a target of cybercrime. Use cases for the Darwinium platform include account security, scam detection, account takeover, fraudulent new accounts, synthetic identities, and bot intelligence.

Darwinium services large B2C organizations (with $1 billion or more in revenue) and marketplaces, dedicated payments providers, ecommerce shops, banks, and some fintechs. In 2022, a study by Statista and Juniper Research estimated e-commerce losses to online payment fraud of $41 billion globally.

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