Total fraud protection company Easy Solutions announced on Tuesday that it closed its Series B financing round with $11 million from the IT-focused, high-growth equity investment firm Medina Capital.
The company says its services provide a multi-layered approach to securing transactions, one that is meant for simple cyber attacks and more complex fraud attempts, such as those that have dominated May’s headlines.
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“The recent $45 million theft, which utilized both online hacking of credit card processors databases in India, and then physical ATM fraud in New York, is just the latest example of why cross-channel fraud protection is increasingly crucial for financial institutions,” Ricardo Villadiego, the company’s CEO, said in a statement.
Currently, Easy Solutions protects more than 100 clients and 32 million users from malware, pharming, phishing and more.
Read the full press release here.
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