fraud

Closinglock, now with $12M, wants to prevent the 1 in 10 real estate transactions targeted for fraud

Users log into Closinglock's portal where real estate transaction wiring instructions are accessed instead of provided via email.

The convicts of Silicon Valley, 2023 edition

Silicon Valley can be a place of great power and riches, but the smallest thing can bring it crashing down. From deepfaked phone calls with bankers on the line to mountains of lies that grew out of co

Yet another former Silicon Valley darling is convicted of investor fraud

This year will be remembered for a lot of things. Among them could be the growing number of stars in the startup world who were later convicted for defrauding investors.  Roughly six months after The

No, it’s never too early to make sure a founder is telling the truth

This year has seen numerous founders get caught lying about their users, VCs should start asking the right questions early.

Chargeflow, which taps AI to fight chargebacks, raises $14M

Chargeflow, a startup using AI to fight chargeback fraud, today announced that it raised $11 million in a seed round led by the VC firm OpenView Venture Partners. The tranche builds on Chargeflow&#821

Effectiv’s fraud tools determine if it is you or your deepfake making that bank withdrawal

Effectiv developed AI-driven payment fraud detection, verification and compliance tools as well as models that are trained to detect that simulated behavior. 

Trustmi lands $17M to scale its payments fraud prevention tech

Shai Gabay and Eli Ben Nun, two entrepreneurs based in Israel, met in 2018 while working at Cynet, a cybersecurity startup developing extended detection and response tools. While there, they came to r

I tried to buy a guest post on TechCrunch.com

A few times per day, I get a message that asks something along the lines of: “How much do you charge for a guest article on TechCrunch?” People are trying to get inbound links from TechCru

FTC orders supplement maker to pay $600K in first case involving hijacked Amazon reviews

The U.S. Federal Trade Commission has approved a final consent order in its first-ever enforcement action over a case involving “review hijacking,” or when a marketer steals consumer revie

AI startup Fourthline locks down $54M to bring better ID checks and compliance tools to the finance sector

Fourthline has built AI-based solutions to help with identity verification, help businesses comply with anti-money laundering rules and more.

Oscilar emerges from stealth to fight transactions fraud with AI

Confluent co-founder Neha Narkhede today announced a new fintech company, Oscilar, that’s developing an “AI-driven” platform to help financial institutions protect online transaction

Lawmakers call on USPS to combat surge in ‘change of address’ fraud

A group of bipartisan lawmakers has called on the U.S. Postal Service to strengthen its internal processes to reduce change of address fraud, which each year allows fraudsters to redirect thousands of

Hatch Bank says hackers used Fortra bug to steal 140,000 customer Social Security numbers

Hatch Bank, a digital-first bank that provides infrastructure for fintech companies offering their own brand credit cards, confirmed hackers exploited a zero-day vulnerability in the company’s i

Logistics startup Slync raises $24M, attempts to distance itself from disgraced founder

Supply chain management software startup Slync, which was at one point valued at $240 million, hasn’t had the easiest go of it lately. Slync’s founder, Christopher Kirchner, was charged by

A network of knockoff apparel stores exposed 330,000 customer credit cards

If you recently made a purchase from an overseas online store selling knockoff clothes and goods, there’s a chance your credit card number and personal information were exposed. Since January 6,

Crypto losses in 2022 dropped 51% year on year to $4B

Immunefi’s Crypto Losses 2022 report found over $3.9 billion was 'lost' last year down 51.2% from 2021, when over $8 billion was stolen.

US attorney says ‘we are not done’ charging individuals for FTX collapse

Multiple U.S. government agencies held a press conference Tuesday afternoon regarding the indictment of FTX’s former CEO, Sam Bankman-Fried. When asked whether the entities will bring charges agains

US authorities seize iSpoof, a call spoofing site that stole millions

An international police operation has dismantled an online spoofing service that allowed cybercriminals to impersonate trusted corporations to steal more than $120 million from victims. iSpoof, which

Crypto losses total $428M in Q3, down 36% from previous quarter

Crypto "losses” from hacks and fraud continued to decline in the third quarter, Immunefi’s Crypto Losses Q3 report shows.

Sardine raises $51.5M led by a16z to sniff out fishy fintech transactions

As fintechs become more efficient, so too do fraudsters. “Faster instant payments mean faster fraud,” Sardine CEO and co-founder Soups Ranjan told TechCrunch. That’s the thesis behin
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