The leader in online brand protection-as-a-service Allure Security today announced the completion of a $10 million Series A funding round. Curql, a fintech strategic investment capital firm, led the round joined by new Allure Security investor Datatec Founder and CEO Jens Montanana and existing investors Glasswing Ventures, Zetta Venture Partners, Gutbrain Ventures, and PBJ Capital.
Cybercriminals impersonated twice as many financial institutions online seeking to defraud consumers during the first two months of 2024 compared to the same period in 2023. Allure Security’s massive, proprietary data set also reveals a 43 percent uptick in the frequency of online brand impersonation scams in the same period. Further corroborating the continued increase in online imposters, theĀ Anti-Phishing Working Group called 2023, “…the worst year for phishing on record.”
Read the full press release “Allure Security Closes $10 Million Series A to Help Companies Protect Their Brands Online” on the PR Newswire website.
