Image courtesy of Financial IT
Arkose Labs doubled its revenue year-over-year in 2021, driven by accelerating demand across fintech, retail and travel as enterprises scaled up investment in fraud prevention and account security. CEO Kevin Gosschalk cited a sharp shift in the threat landscape toward account-focused attacks — including account takeovers and credential stuffing — as the primary driver of growth, calling the trend a permanent fixture across all industries. Analytics firm GlobalData recognized the company as a future cybersecurity unicorn, while the global fraud detection and prevention market was projected to grow from $26.97 billion in 2021 to $141.75 billion by 2028 at a 26.7% CAGR.
