The inaugural list by Fast Company recognizes technological breakthroughs that bear the potential to define the future of their industries
Fast Company has acknowledged Arkose Labs’ innovative approach to fighting fraud in its first-ever Next Big Things in Tech list. We are thrilled to be recognized For foiling both human fraudsters and bots and be among the top 65 technologies that are making waves globally. These include global giants, intrepid startups, and research that’s fresh from the labs.
It is an honor for us to be included in this first-ever recognition program, initiated by Fast Company to felicitate cutting-edge technologies that are solving real-world problems in unexpected ways. Although not all of the products, services, and technological developments recognized in the list are on the market yet, they’re reaching key milestones in having a positive impact on consumers, businesses, and society at large in the next five years. The program shines the spotlight on these technologies that will have a profound impact on the future – from climate change and public health crises to machine learning and security.
Recognition of our Innovative Approach to Fraud Defense
To be acknowledged twice during the International Fraud Awareness Week is an absolute honor for everyone at Arkose Labs. Coming a day after our debut in the 2021 Deloitte Technology Fast 500 at the 83rd position, the Fast Company recognition is yet another validation of our approach to long-term fraud deterrence and account security. Our technology sabotages fraudsters’ return on investment and makes the attack so costly that it becomes financially unattractive, forcing the attackers to give up and move on.
Fraudsters persist with an attack as long as they can make profit. With the latest tools and tactics available freely and cheaply, they are able to impersonate real people and fool fraud defense mechanisms that many businesses use. Our innovative solution, however, eliminates dependence on data-driven digital signals that are increasingly being deceived by corrupt digital identities and changing consumer behaviors. Instead, it uses an intelligent combination of risk classification and targeted enforcement challenges to ruin the ROI of attacks while allowing real users to authenticate with ease.
We Will Continue to Make a Difference
It is indeed a matter of pride to be featured alongside some of the best technology innovators in the world, which will encourage us further to continue enhancing our capabilities and our solution to outpace the bad actors.
I am so grateful to our customers and investors who have been our solid support, and, of course, our amazing people who have been the most important constituents of what we are today. I am sure this is just the beginning and together we will continue to make a difference in making the internet safer for all.
To see our award-winning technology in action, please book a demo now.