The Tel Aviv-based company Memcyco has completed a $10 million seed round that will help to prevent website impersonation. - cybersecurity brandjacking
Memcyco has completed a $10 million seed round that will help to prevent website impersonation and deter scammers from acting as brands.
Brandjacking is when fraudsters create duplicate copies of a brand’s website, tricking users into submitting their personal information. In 2022 alone, consumers lost almost $9 billion to fraud, a 30% increase from last year.
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