March 25, 2025:
Charm Security Raises $8M to Combat AI Fraud - Charm Security Ltd., co-founded by cybersecurity expert Roy Zur and data scientist Avichai Ben, launched with $8 million in funding from Team8 Labs Ltd. The startup aims to proactively address AI-driven fraud by utilizing artificial intelligence, psychological insights, and data analysis to identify customer vulnerabilities and risk patterns.
Charm Security's platform implements customized strategies offering real-time interventions to curb scams. As AI-powered scams become more sophisticated, the company seeks to protect individuals and organizations by disrupting fraud attempts, thus reducing related losses and operational costs.
