SAN FRANCISCO--(BUSINESS WIRE)--Arkose Labs, the fraud prevention and account security company, today announced that it has been named an AI and Data Winner for foiling both human fraudsters and bots in Fast Company’s inaugural Next Big Things in Tech list, honoring the technology breakthroughs that promise to shape the future of their industries—from healthcare to agriculture to artificial intelligence and more.
The final list, which includes global giants, intrepid startups, and research that’s fresh from the labs, recognizes 65 technologies that are making waves. While not all of the products, services, and technological developments are on the market yet, they’re reaching key milestones in having a positive impact for consumers, businesses, and society at large in the next five years. Fast Company also recognized 33 honorable mentions.
Arkose Labs provides long-term fraud prevention and account security by sabotaging fraudsters’ return on investment. As long as there is profit to be made, fraudsters will persistently target user authentication points with increasingly sophisticated tactics to mimic real customers and circumvent front-line defenses. An intelligent combination of risk classification and targeted enforcement challenges ruin the ROI of attacks while allowing real users to authenticate with ease.
“The latest fraud statistics show that it's a combination of bots and human fraud farms that are perpetrating global attacks on companies at scale. To outpace bad actors, we take a different and better approach, making it so costly and time consuming for fraudsters to successfully execute an attack that they ultimately abandon their efforts. At the same time, we help create and ensure that consumers have a seamless experience when shopping or doing business online,” said Arkose Labs Founder and CEO Kevin Gosschalk. “We are thankful to Fast Company for recognizing our innovative approach to fighting fraud.”
“Fast Company is thrilled to highlight cutting-edge technologies that are solving real-world problems in unexpected ways. From climate change and public health crises to machine learning and security, these technologies will certainly have a profound impact on the future, and we’re honored to bring attention to them today,” says Stephanie Mehta, editor-in-chief of Fast Company.
Click here to see the final list.
The Winter 2021/2022 issue of Fast Company is available online now and will hit newsstands on December 7.
About Fast Company
Fast Company is the only media brand fully dedicated to the vital intersection of business, innovation, and design, engaging the most influential leaders, companies, and thinkers on the future of business. The editor-in-chief is Stephanie Mehta. Headquartered in New York City, Fast Company is published by Mansueto Ventures LLC, along with our sister publication, Inc., and can be found online at fastcompany.com.
About Arkose Labs
Arkose Labs bankrupts the business model of fraud. Recognized by Gartner as a “Cool Vendor in Fraud and Authentication,” the company offers an industry-first warranty on account protection. Its AI-powered platform combines powerful risk assessments with dynamic attack response that undermines the ROI behind attacks, while improving good user throughput. Based in San Francisco, CA with offices in Brisbane, Australia and London, UK, the company was honored as the 195th fastest growing company in the United States on the 2021 Inc. 5000 list.