alarm:clock

Security - Wednesday, May 16, 2007

ID Fraud Busters ID Analytics Raises $20M

We tend to pessimistically see that ID fraudsters will always keep a step ahead of the credit card companies. That's because people tend to be careless with their data and because fraudsters show real genius and getting SS numbers and other personal data.

Trying to prove us wrongs is San Diego–based ID Analytics which has raised $20M in Series C funding led by Investor Growth Capital and was joined by return backers Canaan Partners, Mission Ventures and Trinity Ventures. The company now has raised just over $45M in total VC funding since its 2002.

The company says its ID Network contains millions of applications for credit, debit and new accounts-as well as non-monetary transactions and payments - and learns constantly as new events occur, are risk-assessed and are handled for ID Network Members.

View - site