Equifax to acquire AI fraud prevention specialist Kount

“US-based credit-reporting firm Equifax said it entered a definitive agreement to acquire Kount, a US-based provider of AI-driven fraud prevention and digital identity products for e-commerce retailers, for USD 640 million. Kount said its employees will continue to be based in Boise, Idaho, and will report to Equifax’s US information-products unit. Kount’s software helps retailers catch fraudsters as well as stop hackers from taking over customer accounts.”

https://www.telecompaper.com/news/equifax-to-acquire-ai-fraud-prevention-specialist-kount–1368049

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