Cybersecurity Innovator Acoru Unveils Advanced Fraud Detection Platform to Revolutionize Online Security
Acoru, a cutting-edge cybersecurity firm dedicated to combating fraud and scams, has officially commenced its operations after a period of stealth development that began following the acquisition of seed funding in 2023. Founded by experienced professionals in the field of fraud detection, Acoru aims to revolutionize the strategies employed by financial institutions to counteract the swiftly changing landscape of cybersecurity threats.
Funding and Future Growth Plans
In 2023, Acoru successfully raised €4 million in seed funding from prominent investors such as Adara Ventures and Athos Capital. With its innovative platform now operational, Acoru is gearing up for a Series A funding round scheduled for 2026 to facilitate its global expansion.
Tackling Authorised Fraud with Advanced Technology
Acoru’s primary focus is on addressing authorised fraud, where individuals inadvertently send money to fraudsters. This growing threat, exacerbated by the rise of generative AI, poses significant risks to the financial sector, including regulatory scrutiny and increasing financial losses. To combat these challenges, Acoru has developed an advanced fraud detection platform that employs:
- Generative AI and sophisticated analytics
- A configurable intelligence network
- Continuous behavioral monitoring
Features of Acoru’s Fraud Detection Platform
The innovative platform is designed to:
- Track account changes
- Identify mule accounts
- Utilize pre-fraud indicators to predict fraudulent activities
This system processes both structured and unstructured data, providing insights through a user-friendly interface that is accessible to various financial institutions, thereby democratizing fraud detection tools.
Experienced Leadership Team
Acoru was co-founded by Pablo de la Riva Ferrezuelo and David Morán, who previously established the cybersecurity company Buguroo, which later became known as Revelock before its acquisition by Feedzai. With over two decades of combined experience, including roles at Deloitte’s Cyber Excellence Center, they are well-equipped to spearhead innovation in the cybersecurity landscape.
Commitment to Combatting Fraud
According to Acoru’s CEO, Pablo de la Riva, “The fraud landscape is evolving rapidly, with scams now accounting for approximately 70% of total banking fraud worldwide.” He emphasized Acoru’s commitment to staying ahead of these trends through continuous innovation and development of solutions that effectively address the latest challenges faced by financial institutions.
For more insights on the evolving world of cybersecurity, consider exploring related topics on Cybersecurity Insights.
