User:Leidan29/sandbox

Forter is a startup company headquartered in Tel Aviv, Israel with US offices in San Francisco.

Backed by Sequoia Capital and New Enterprise Associates (NEA), Forter provides a Software as a service(SaaS) solution that automates online fraud detection by combining profile data, behavioral data and cyber intelligence to detect fraudsters in real time.

History
Forter (formerly Ryzyco) was founded in 2013 by the former heads of product, operations and automation at Fraud Sciences, a company that delivered anti-fraud solutions and was acquired and integrated into Paypal in 2008

Forter was started in Citigroup’s fintech accelerator program in Tel Aviv and ran in Stealth mode until it's Series A funding round of $3 million from Sequoia Capital in March 2014. In November 2014 Forter closed a $15 million Series B funding round from New Enterprise Associates (NEA) and Sequoia Capital and announced the opening of a marketing office in the U.S.

Technology
Forter's anti-fraud solution integrates into an online merchant's system and gives real-time decisions based on an automated fraud detection engine.

The company fraud detection engine uses three analysis levels :


 * Cyber Intelligence / Digital Network Intelligence - Detection of suspicious connection parameters


 * Identity mapping - Synthesis of publicly available social networks, demographics and purchasing power


 * Behavioral Analysis - Tracking mouse movements and click analysis, browsing habits and reading patterns

The system integrates between the payment gateway and the merchant's website and authorizes or declines a buyer's transaction within 300 milliseconds.

The system's logic is developed based on experience gained in Israel's intelligence community as well as of hackers, mathematicians, psychologists, linguists and philosophers.