A lot of things are easier in the digital age—communication, shopping, banking, accessing information and entertainment— but one price we pay for easy access to these luxuries is an increased vulnerability to cybercrimes. It’s no secret that fraud and identity theft have become constant concerns for both businesses and individuals, and as such, a slew of companies has emerged with high-tech solutions aimed at protecting people and enterprises from various forms of fraud. According to the PitchBook Platform, 36 companies offering fraud protection services have received VC-backing since the beginning of 2008. In the same time period, investors have funneled $624.6 million into these companies across 75 separate transactions. However, it appears that activity in this space has oscillated in the last few years, reaching a high point in 2008 with a total of $175.4 million invested. The following year, activity plummeted, bringing in only $89.8 million, then shooting back up to $143.7 million in 2010. 2011 and 2012 saw a steady decline, racking up $118.3 million and $97.5 million, respectively.