The Silicon Siege
How The PayPal Mafia Survived The First Cyberwar
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The year 2000. PayPal is bleeding $11M per month to Russian organized crime.
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Eighteen months from insolvency. The venture investors are using the word 'insolvent'.
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Max Levchin builds Igor — the first commercial anti-fraud ML classifier.
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Gausebeck-Levchin test, December 2000. Two years before Carnegie Mellon names it CAPTCHA.
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eBay pays $1.5 billion — for the fraud-loss operating system. Watch the full investigation.
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