OurCrowd portfolio company BillGuard was featured on CNBC. BillGuard identifies fraud and “grey” charges, which cost consumers over $25B annually, by analyzing crowdsourcing transaction data from its millions-strong user base.
BillGuard, a mobile app that tracks spending and flags suspicious transactions, estimates that [gray] charges cost U.S. consumers more than $14 billion annually. In data released exclusively to CNBC.com, the company analyzed its database of 1.3 million registered users to find the most common, and the most costly, gray charges of 2014.
“The most important thing is to check your card activity regularly, line by line, for any charges you don’t recognize,” said Mick Weinstein, a vice president at BillGuard. “You generally are not liable for fraudulent charges on your cards, but you have to find it first.”
View the segment below or read the accompanying article on CNBC here.