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Index and Credo lead a $2.75M seed in anti-fraud tech, Resistant AI

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Prague based Resistant AI has nabbed a $2.75M seed round. The security startup’s machine learning technology is designed to be deployed on top of AI systems used for financial decision making to protect customers in markets such as financial services and ecommerce from attacks such as targeted manipulation, adversarial machine learning and advanced fraud. The seed round was co-led by Index Ventures (Jan Hammer) and Credo Ventures (Ondrej Bartos and Vladislav Jez). Seedcamp also participating, along with Daniel Dines, CEO of UiPath; Michal Pechoucek, CTO of Avast and other unnamed angel investors. Bartos joins the board of directors on behalf of the investors. The startup sells an additional layer of protection that’s specifically designed for tightening security around automated functions such as credit risk scoring and anti-money laundering by using tech to detect fake documents that feed such systems. Its tech is also aimed at uncovering suspicious patterns of transactions whic...
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UK's Metro Bank confirms it has faced an SS7 attack intercepting 2FA codes; a telecom lobbying group previously told Congress such an attack is "theoretical" (Joseph Cox/Motherboard)

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Joseph Cox / Motherboard : UK's Metro Bank confirms it has faced an SS7 attack intercepting 2FA codes; a telecom lobbying group previously told Congress such an attack is “theoretical”   —  Motherboard has identified a specific UK bank that has fallen victim to so-called SS7 attacks, and sources say the issue is wider than previously reported. from Techmeme http://bit.ly/2FYYCex
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This Week in Apps: Facebook’s other Clubhouse rival, Apple details ATT, App Store trial nears

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