The acquisition of Greenway Solutions by Neovera represents a pivotal development in the fight against escalating fraud losses, which have seen a dramatic increase in recent years. With consumers reporting losses of $12.5 billion in 2024, a 25% rise from the previous year, the need for advanced, real-world fraud defense testing has never been more critical. This strategic move by Neovera, a leader in cybersecurity and cloud services, aims to bolster the defenses of banks, fintechs, healthcare providers, and other sectors vulnerable to fraud by incorporating Greenway Solutions’ pioneering adversarial fraud testing methodologies.
Greenway Solutions, renowned for its Fraud Red Team approach, specializes in simulating actual fraud attacks across various banking channels. This method involves live, controlled exercises using real accounts and transactions to test the effectiveness of fraud controls under genuine attack conditions. The integration of Greenway’s capabilities into Neovera’s portfolio enhances the latter’s ability to offer comprehensive, threat-informed security solutions that address both cyber and fraud risks in a unified manner.
The significance of this acquisition extends beyond the immediate benefits to Neovera’s clientele. It reflects a broader industry trend towards the convergence of cybersecurity and fraud prevention efforts. As attackers increasingly exploit both technical vulnerabilities and behavioral gaps, the demand for integrated defense mechanisms has surged. Neovera’s acquisition of Greenway Solutions is a direct response to this need, offering a robust solution that combines cutting-edge cybersecurity measures with advanced fraud testing techniques.
This development is particularly timely, given the FBI’s report of a 33% increase in fraud-related losses in the same period. By enabling organizations to proactively test and strengthen their fraud defenses in real production environments, Neovera and Greenway Solutions are setting a new standard in the fight against fraud. The partnership not only expands the reach of Greenway’s innovative testing methodology but also deepens the impact of Neovera’s security services, ensuring that clients are better equipped to protect against the evolving landscape of high-impact threats.
The acquisition is part of Neovera’s ongoing expansion strategy, following previous acquisitions aimed at enhancing its financial sector compliance offerings and security operations center (SOC) capabilities. This strategic growth underscores Neovera’s commitment to providing comprehensive, integrated security solutions that address the complex challenges faced by today’s enterprises. As the line between cybersecurity and fraud prevention continues to blur, the Neovera-Greenway partnership stands as a testament to the importance of adopting a holistic approach to risk management in an increasingly digital world.

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