VeriClouds, Inc., is a Seattle-based cybersecurity and data SaaS (software-as-a-service) startup. The company has built a proprietary platform and software using “dark web” threat intelligence and artificial intelligence to address a huge opportunity in the global fraud detection and prevention market.
We sat down with Stan Bounev, the CEO of VeriClouds, and asked him some key questions about the company and how his cybersecurity startup helps detect fraud and protects businesses.
AllBusiness.com: What is the mission of VeriClouds?
Stan Bounev: The company’s mission is to protect major corporations around the world from identity fraud.
AB: What is the key problem that VeriClouds is trying to solve?
Bounev: Stolen passwords are the major method for account takeover and fraud. In 2020 alone, 6.3 billion…