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Signifyd
Overview
Signifyd is a United States-based company operating within the software industry, specifically in the security software sector. Founded in 2011, the company has grown to employ between 201 and 500 individuals and reported revenue of approximately $105 million. Signifyd's expertise centers on addressing the challenges of ecommerce fraud, a growing concern for online retailers. Their published research, notably the "State of Fraud and Abuse 2024" report, highlights the increasing sophistication of organized crime in the realm of online fraud. The report indicates that online brands faced losses exceeding $48 billion due to ecommerce fraud in 2023, with projections suggesting cumulative losses could surpass $343 billion from 2023 to 2027. Signifyd's Fraud Pressure Index, which tracks the prevalence of potentially fraudulent transactions, revealed a 19% increase in fraud indicators from the first half of 2023 to the first half of 2024. The company’s findings suggest that traditional payment fraud and first-party abuse, including refund and return policy misuse, are significant threats to the retail sector.