Equifax announced today its plans to acquire fraud solution Midigator to enhance its digital identity and fraud prevention capabilities as chargebacks and transaction disputes rise.

In 2022, global e-commerce sales are expected to reach $5.5 trillion, and as e-commerce transactions rise, fraud, too, is expected to surge, according to an Equifax statement.

Midigator’s automated, data-driven solution will work in tandem with Equifax Kount Identity Trust Global Network to monitor and flag fraudulent activity across Equifax data sets, according to Equifax.

Midigator, which was founded in 2013, has raised $30 million in funding, according to Crunchbase. It will be the credit reporting agency’s 12th acquisition since the start of 2021, according to the statement. The acquisition is expected to close in the third quarter of 2022. Details of the deal have not been disclosed.

The acquisition of fraud solutions is a recent trend among tech companies and financial institutions as the number of digital transactions rise and attacks are becoming automated and increasingly sophisticated.

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