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Neovera acquires Greenway Solutions to expand fraud testing capabilities
- Neovera Inc. has acquired adversarial fraud testing company Greenway Solutions for an undisclosed price.
- Greenway Solutions, founded in 2004, specializes in adversarial fraud testing for financial institutions.
- The company uses Fraud Red Teaming, live simulations, to assess fraud controls in production environments.
- Greenway conducts live exercises to challenge fraud defenses across digital platforms in real time.
- Their testing methodology provides actionable insights by evaluating fraud defenses across channels.
- Clients include banks, fintechs, and healthcare providers with notable customers like SoFi and Robinhood.
- The acquisition enhances Neovera's managed security services and fraud mitigation capabilities.
- Neovera and Greenway plan to deliver tailored cybersecurity solutions to regulated organizations.
- The acquisition aims to capitalize on the convergence of cybersecurity and fraud prevention functions.
- Neovera had previously acquired cybersecurity and compliance companies to strengthen its offerings.
- The acquisition reflects a broader market trend towards integrated cybersecurity and fraud prevention.
- Neovera's goal is to provide unified defenses through the partnership with Greenway Solutions.
- The acquisition expands the reach of Greenway's fraud testing methodology.
- The companies aim to offer comprehensive solutions to combat fraud in various sectors.
- Greenway's expertise in fraud testing complements Neovera's existing security services.
- Neovera believes the partnership will deepen their impact in the cybersecurity and fraud mitigation space.
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