https://techcrunch.com/2020/06/10/ns8-raises-123m-led-by-lightspeed-for-its-suite-of-online-fraud-prevention-tools/ > Online fraud costs people and organizations billions of dollars each year — with one aspect alone, identity fraud, a $16.9 billion problem in 2019, says Javelin Research, and each dollar of spend online estimated to cost $3.13 in fraud recovery, according to LexisNexis Risk Solutions. Today, a startup that’s built a platform to identify and prevent fraud across a range of e-commerce-related cases is announcing a large round of growth funding to help bring those numbers down. > NS8, a Las Vegas-based startup that provides tools to prevent fraud within e-commerce marketplaces, online merchants, payments gateways and ticketing services, has raised $123 million in venture funding, money that it plans to use to expand its technology and product stacks and to continue expanding the network of partners that it covers, which today includes commerce platforms Shopify, BigCommerce, Magento and WooCommerce.