Fraud & Identity Fraud & Identity


Fraud & Identity Featured Article

August 01, 2017

Authentication Platform Company Callsign Raises $35M

A five-year-old authentication platform provider named Callsign recently raised $35 million in a Series A round. Accel and PTB Ventures led the round, in which Allegis Capital and NightDragon Security also participated.

The money will enable Callsign to expand across the U.S. and the Far East. The London-based company plans to open offices in the Bay Area and New York City this year.

Callsign’s Intelligence Driven Authentication platform leverages deep learning, fraud analytics, and multifactor authentication. It applies deep learning to device, location, and behavior analytics. Plus it employs biometric and knowledge-based authenticators. It can be integrated with SaaS apps, VPN clients, or anything else.


IDA enables businesses to define their own security policies based on the situation. If usage on an account or device is deemed suspicious, then the platform can serve up security challenges for the user. If a user inputs the correct password, but the system sees that other factors are unusual, IDA may seek additional information for authentication.

Callsign is led by Zia Hayat, the founder, chairman, and CEO of the company. He formerly served as a research engineer at BAE Systems and as an Internet banking security architect at Lloyds Bank.

In fact, Lloyds Bank and Deutsche Bank are among the users of the Callsign platform.

The platform was launched with large customers 18 months ago. It is now in use by hundreds of thousands of users.

“Several years ago I realized that the way we identify ourselves online was very broken,” said Hayat. “I knew we needed to make existing solutions like multi-factor authentication and fraud analytics better by bringing them together. Our IDA platform has had an incredible reception from financial institutions, governments, and other large enterprises, and this investment will allow us to grow the business and meet some of the strong demand we’re seeing.”




Edited by Alicia Young

Article comments powered by Disqus






Industry Insights

(MobileID) Proactive Fraud Prevention

Interconnect-related fraud such as International Revenue Share Fraud (IRSF) and PBX hacking fraud continue to be a billion dollar problem to the telecom industry.

(Defender Shield) Defense solutions for the modern SMS ecosystem

SMS is a ubiquitous communication method for person-to-person (P2P) text messaging, which has been in use globally for nearly 20 years.

(Defender Shield) Preventing Grey Routes and the Multi-billion dollar Threat

The convenience of mobile messaging has brought communication efficiency to billions of consumers worldwide. As is often the case with widely accepted technologies; however, convenience can provide a vulnerable gateway to fraudulent activity.

Product Documents

Asset Protect

While unlimited or high-volume voice and SMS plans offer great value to subscribers, sometimes fraudsters exploit these plans to avoid paying termination and interconnect fees.

Defender Shield

In a world with ever-increasing Application-to-Person (A2P) messaging needs and competition, improving customer satisfaction and eliminating revenue leakage is key for protecting SMS profits.

MobileID

Accurate and cost-efficient routing of voice calls and SMS is critical. Unfortunately, gathering reliable routing data on ported numbers and keeping up with constant changes in number plans is expensive and time-consuming.

Fraud Solutions

Communications fraud is a $20B annual global problem and growing. Companies are looking for peace of mind so that their business and their customers are protected from the onslaught of technology crime that is damaging their reputations and their balance sheets.