Scamnetic has launched its patented IDeveryone Payment Protection solution, which is designed to identity-proof virtually anyone globally during consumer or business payments across all payment types, including digital, cryptocurrency, checks, wire transfers, and ACH.
The introduction of IDeveryone Payment Protection occurs as global fraud losses continue to increase, with estimates reaching $442 billion in the 12 months from March 2024, according to the Global Anti-Scam Alliance (GASA). The GASA’s Global State of Scams 2025 Report indicates that while 73% of adults worldwide believe they can identify fraud, 23% have lost money to payment scams. Beyond consumers, a 2025 report from the Association for Financial Professionals found that 79% of U.
S. organizations experienced payment fraud attacks or attempts in 2024, with business email compromise being the primary threat. Industry research from 2024 reports deepfake attacks occurring approximately every 5 minutes and sophisticated fraud schemes increasing by over 100% year over year.
Scamnetic’s technology verifies the actual recipient of funds, offering a deeper layer of security compared to traditional “Confirmation of Payee” solutions that only verify the name on a destination account. Each transaction can also be insured, which may reduce institutions’ liability when offering the service. The solution employs a combination of proprietary and bank-grade verification tools to confirm recipient identity, without requiring recipients to be Scamnetic customers. Verification is delivered securely via email or text, ensuring privacy by sharing no information between parties beyond the recipient’s name.
John Evans, chief operating officer of Scamnetic, stated, “AI-driven fraud, deepfakes and situational scams have advanced too far, too fast. Our new positioning for IDeveryone gives partners the ability to deliver transparency, knowing exactly who is on the other side of every transaction. Across industries, businesses tell customers to ‘verify before sending payment,’ yet provide no clear tools or guidance. Until now. With IDeveryone, verification is simple, real-time and guaranteed.”
The need for robust identity verification is highlighted by data from 2024, showing that consumers lost more money to scams involving bank transfers or cryptocurrency than all other payment methods combined. For instance, in June 2025, Spain’s Guardia Civil, supported by Europol and law enforcement from the U.
S., Estonia, and France, arrested suspects in a cryptocurrency investment fraud operation that allegedly laundered approximately €460 million (about $500 million) stolen from over 5,000 victims globally. Investment scams alone accounted for $5.7 billion in reported losses, while imposter scams resulted in nearly $3 billion in losses.
IDeveryone is designed to empower financial institutions, fintechs, and payment providers to implement proactive protection measures, aiming to reduce fraud-related losses, lower operational costs, and enhance payment security for both consumers and businesses. Evans added, “Global institutions told us the problem had become too big to ignore. We pivoted, enhanced and are now ready to take this solution to the global stage with a product that’s ready today. Additionally, the data we’ll be able to collect will be the first of its kind in the scam-prevention space, strengthening our partnerships as we work together to fight this growing threat.”
Scamnetic focuses on protecting individuals and businesses from digital threats using advanced AI technology. The company’s investors include Roo Capital, 1st and Main Growth Partners, SaaS Ventures, Riptide Ventures, Ruxton Ventures, Ori Eisen, Ken Levine, and other angel investors.
