Curated News
By: NewsRamp Editorial Staff
June 18, 2025
Neovera Boosts Fraud Defense with Greenway Solutions Acquisition
TLDR
- Neovera's acquisition of Greenway Solutions offers businesses a competitive edge by enhancing fraud defense testing with real-world tactics in production environments.
- The acquisition integrates Greenway Solutions' live-control testing into Neovera's portfolio, enabling detailed, real-world fraud defense evaluations across various sectors.
- By combining Neovera and Greenway Solutions, the partnership aims to significantly reduce fraud losses, making financial and healthcare systems safer for everyone.
- Neovera and Greenway Solutions merge to pioneer a unified approach against fraud, blending cybersecurity with real-world fraud testing for unprecedented protection.
Impact - Why it Matters
This news is crucial for businesses and consumers alike, as it highlights the growing threat of fraud and the need for advanced defense mechanisms. The acquisition by Neovera of Greenway Solutions represents a significant advancement in the fight against fraud, offering a more integrated and realistic approach to testing and improving fraud defenses. For industries heavily targeted by fraudsters, such as banking and healthcare, this means access to cutting-edge tools and methodologies to safeguard against financial losses and protect customer data. The broader implication is a shift towards more unified cybersecurity and fraud prevention strategies, essential in today's increasingly digital and interconnected world.
Summary
Neovera, a leader in cybersecurity and cloud services, has announced its acquisition of Greenway Solutions, a pioneer in adversarial fraud testing. This strategic move enhances Neovera's ability to offer comprehensive fraud defense testing in real production environments, addressing the urgent need for proactive security measures in sectors like banking, fintech, and healthcare. The acquisition is timely, given the alarming increase in fraud losses, with consumers reporting $12.5 billion lost in 2024 alone. Greenway Solutions' innovative Fraud Red Team methodology, which simulates real fraud attacks across various banking channels, will now be integrated into Neovera's portfolio, offering clients unparalleled insights into their fraud defenses.
The collaboration between Neovera and Greenway Solutions marks a significant step forward in the convergence of cybersecurity and fraud prevention. With fraudsters exploiting both technical and behavioral vulnerabilities, the combined expertise of these companies provides a unified defense strategy. This partnership not only expands the reach of Greenway's fraud testing methodology but also strengthens Neovera's mission to deliver threat-informed security solutions. The acquisition is part of Neovera's broader expansion strategy, following previous acquisitions aimed at bolstering its financial sector compliance offerings and SOC capabilities.
Source Statement
This curated news summary relied on content disributed by citybiz. Read the original source here, Neovera Boosts Fraud Defense with Greenway Solutions Acquisition
