Fraud.net Co-founder Cathy Ross Wins Ada Lovelace Special Recognition Award for Women in ICT

FOR IMMEDIATE RELEASE

NEW YORK, NY – Fraud.net, a global leader in fraud prevention, AML, and digital risk management solutions, is thrilled to announce that its Co-founder, Cathy Ross, has been honored with the prestigious Ada Lovelace Special Recognition Award for Women in ICT at the 2024 Women in Tech Global Awards. This accolade recognizes Cathy's exceptional contributions to technology, her role in advancing diversity and inclusion, and her innovative leadership in fraud and risk management.

Over the past year, Cathy Ross spearheaded the launch of Fraud.net’s Entity Monitoring solution, tailored specifically for Banking-as-a-Service (BaaS) and Banking Platform clients managing diverse partner networks. This groundbreaking tool enables these clients to mitigate fraud and compliance risks across multiple transaction endpoints seamlessly. Under Cathy’s strategic leadership, Fraud.net achieved remarkable milestones, including a 110 % annual growth rate and 135% net customer retention, further solidifying its position as a leader in digital risk management.

Cathy’s leadership and vision have earned her widespread recognition. In addition to this award, she was named one of Inc. Magazine’s “2023 Most Dynamic Female Entrepreneurs”, featured as a "Top 5 Dynamic Business Leaders to Follow" on the cover of CIO Times Magazine, and honored by American Banker as one of the “Most Influential Women in Payments.” Her efforts also led to Fraud.net being certified as a Minority-Owned Business Enterprise by the NMSDC, aligning with her commitment to fostering inclusivity and diversity in tech and finance.

“I’m deeply honored to receive the Ada Lovelace Special Recognition Award,” said Cathy Ross. “To be recognized alongside the trailblazers in this category is truly humbling, and I’m proud to stand with them as we drive meaningful change. This recognition is a testament to the incredible work of our team at Fraud.net and our shared mission to foster inclusivity and innovation in technology.”

Cathy also played a pivotal role in advancing Fraud.net’s AWS Featured Partner status and winning several other industry accolades in 2023, including the Juniper Research Future Digital Gold Award and a Stevie Award for Thought Leadership. Her influence extends beyond technology to ethical leadership, shaping the discourse around AI and fraud prevention while fostering a diverse workforce—over 40% of Fraud.net’s department leaders are women or ethnically diverse.

For more information about Cathy Ross’s achievements or Fraud.net’s award-winning solutions, please contact us below.

About Fraud.net:‍

Fraud.net delivers an AI-native platform for fraud prevention, AML compliance, and digital risk management. Trusted by financial institutions and digital commerce enterprises worldwide, our patented solution prevents fraud, money laundering, and financial crimes in real-time while automating customer screening, monitoring, and compliance workflows. Our platform leverages collective intelligence derived from billions of transactions and digital identities. With a no-code/low-code architecture that natively integrates data from 50+ leading providers, and advanced AI and rules-based decision engines, Fraud.net empowers businesses to make smarter, faster, and more profitable decisions.