fraud

  • Forter raises $32M Series C, continues battle against online fraud

    Forter raises $32M Series C, continues battle against online fraud

    Fraud prevention company Forter today announced a $32m series C funding led by Scale Venture Partners and with follow-on funding from Sequoia and NEA. The company uses its Decision as a Service algorithms to help online retailers analyze their exposure to fraud at the time of check-out. It is so sure of its accuracy that it offers retailers a 100% guarantee against chargebacks after the fact. Read More

  • UK’s Onfido raises $25M as it brings its background checking platform to the US

    UK’s Onfido raises $25M as it brings its background checking platform to the US

    The rise of on-demand startups and other fast-growing businesses like online marketplaces has created a need for reliable ways to verify new hires and customers to make sure they are cut out for the task. Onfido, one of the group of startups building software-based solutions to do just that, has raised $25 million to meet that need. The Series B round was led by Idinvest Partners… Read More

  • Fraud Prevention Service Pindrop Raises $75M Series C Round Led By Google Capital

    Fraud Prevention Service Pindrop Raises $75M Series C Round Led By Google Capital

    Pindrop helps businesses avoid getting scammed on the phone by analyzing both the audio of a call and the metadata it has about a caller. After raising a total of $47 million since its launch in 2012, the company today announced that it has raised a $75 million Series C round led by Google Capital. Other participants in this round include Google Ventures, Citi Ventures, and Felicis Ventures… Read More

  • There Is Real Fraud In The Underground Market For In-Game Virtual Goods Crunch Network

    There Is Real Fraud In The Underground Market For In-Game Virtual Goods

    The recent announcement from Activision Blizzard to acquire King Digital Entertainment, maker of the hit game Candy Crush, for a staggering $5.9 billion is an acknowledgement of the promising (and profitable) future of mobile games. The global gaming market is projected to reach $91.5 billion in 2015. While PC and console games are still mainstream, mobile is the fastest growing segment… Read More

  • The $8.2 Billion Adtech Fraud Problem That Everyone Is Ignoring Crunch Network

    The $8.2 Billion Adtech Fraud Problem That Everyone Is Ignoring

    Despite the popularity of mobile applications such as Peace, Blockr and Ghostery over the last year, ad blocking will be the least of digital advertisers’ problems in 2016. According to a report released by the Interactive Advertising Bureau (IAB) in December 2015 — the first official study of its kind — online advertising fraud now costs advertisers $8.2 billon per year. Read More

  • Amazon Files Suit Against Individuals Offering Fake Product Reviews On Fiverr.com

    Amazon Files Suit Against Individuals Offering Fake Product Reviews On Fiverr.com

    In April of this year, Amazon filed suit against the operators of websites that offered Amazon sellers the ability to purchase fake, four and five-star reviews of their products. Most of those websites have now been closed, and Amazon took action against the sellers involved. Now Amazon is continuing its crackdown on fake reviews by going after individuals who provide these sort of fake… Read More

  • Using The Blockchain To Fight Crime And Save Lives Crunch Network

    Using The Blockchain To Fight Crime And Save Lives

    Blockchain technology has been described as email for money, but it has the potential to be so much more. Blockchain technology is a hyper-secure record of digital events that is distributed among many different computers. Blockchain technology is best known for its connection to the cryptocurrency, Bitcoin. It’s what enables transactions to happen without middlemen or a central body… Read More

  • The Business Of Fraud Crunch Network

    The Business Of Fraud

    When you visualize a hacker, what do you see? A young computer enthusiast coding in their basement, pounding Red Bull? A futuristic robot plugged into hundreds of servers deep inside a secret warehouse in the desert? A person from another country sporting a shaved head, smoking a cigarette, banging away on their keyboard? Chris Hemsworth from the movie Blackhat? Okay, that last one might be… Read More

  • Trustev Uses Fraud Detection Software To Crack Down On Internet Trolls

    Trustev Uses Fraud Detection Software To Crack Down On Internet Trolls

    By checking against a variety of factors (summed up in the picture above), Trustev’s tool for publishers can instantly identify so-called “sock puppet” accounts used by serial trolls to attack others without fear of reprisal. Read More

  • The Media Trust Debuts A Solution To Fight Shady App Install Ads Automatically Redirecting Users To App Stores

    The Media Trust Debuts A Solution To Fight Shady App Install Ads Automatically Redirecting Users To App Stores

    The recent scourge of shady app install ads that have been automatically redirecting users to the App Store brought to focus how difficult it is to monitor and manage today’s mobile ad ecosystem. Fingers were pointed everywhere – including at the app publishers, marketers and the ad networks, some of which tend to utilize shady tactics. Now, a company called The Media Trust is… Read More

  • Ex-Googlers Launch Sift Science, A Fraud-Fighting System For Websites, Backed By $5.5M In Funding From Union Square, First Round, YC & Others

    Ex-Googlers Launch Sift Science, A Fraud-Fighting System For Websites, Backed By $5.5M In Funding From Union Square, First Round, YC & Others

    Sift Science, a Y Combinator-backed startup founded by former Google engineers, is today launching its fraud-fighting service based on machine learning – a system designed to adapt to the ever-changing techniques used by criminals online. The company is also announcing $4 million in Series A funding, led by Union Square Ventures. As a part of the funding, Union Square’s Albert… Read More

  • Jumio Brings Identity Verification To Mobile Apps – Just Hold Up Your ID To The Camera

    Jumio Brings Identity Verification To Mobile Apps – Just Hold Up Your ID To The Camera

    Jumio, the Andreessen Horowitz-backed mobile payments and ID-scanning startup, is today releasing a new version of its Netverify product designed specifically for mobile devices, both smartphones and tablets. Netverify Mobile, as it’s called, will allow app publishers to authenticate their customers’ identities via their driver’s license, passport or other ID card. Read More

  • Not So Lucky Supermarket Customers Get Hacked

    Not So Lucky Supermarket Customers Get Hacked

    Customers who used the self-checkout lanes at Lucky Supermarkets have been hacked. The grocer, which operates stores in California, says some of their credit card machines have been altered with sniffers to capture credit and debit card numbers. Lucky, owned by parent company Save Mart, is telling customers who used those machines to close their bank and credit card accounts. At least… Read More

  • European GAME Retailer Buys 3DS Console From Down The Road, Sells At Markup

    European video game retailer, GAME, has been handing out memos asking their employees to engage in some questionable business practices. The instructions told employees to take money out of the register and buy Nintendo 3DS consoles from the nearest Tesco supermarket — which happens to sell the 3DS at a loss for $55 less. Read More

  • Identity theft costs rise overall, while costs per victim decline

    According to an article at Forbes, identity theft and related fraud were up considerably in 2009 with 11.2 million victims for an estimated cost of $54 billion U.S. dollars. In 2008, just under 10 million people were ripped off as a result of identify theft, for an estimated cost of $48 billion. Interestingly, the cost to individuals as a result of data breaches has declined from $498 in 2008… Read More

  • ATM hackers nicked $9 million in 30 minutes


    In a coordinated attack spanning 130 ATMs in 49 cities, a group of hackers managed to suck dry bank accounts totalling over $9 million, according to an admission by RBS Worldpay, a payment processing company that oversaw the accounts. The attack actually occurred in November, but the extent of the fraud was only revealed yesterday by some investigative reporting by — of all things… Read More

  • $50 for a lifetime of anonymous internet access: too good to be true? UPDATE: Yes

    VPN4Life is a new site that is promising a lifetime of private and anonymous access to the internet through their servers for a one-time fee of $50. Their mission statement is to “free the world from ISP monitoring, government restrictions, and capitalism’s growing influence on the Internet.” Pretty bold words there, but how else are you supposed to sell the lowest tier of… Read More

  • Japanese banks jam cell phones to prevent fraud

    Back in October, Japan suffered a spate of swindles executed by cell phone: con artists convince someone that their young son is in trouble and needs money. The banks got wise and started questioning elderly folk making large withdrawals. The con artists got wiser, and started directing the elderly victims to use ATM machines. The cops started patrolling ATMs, but that didn’t seem to work. Read More

  • How to spot e-vote tampering?

    Our permanent campaign marches on here in the U.S., with preparations for 2012 already well underway. To that end, some dude has asked proto-blog Slashdot what to look for when it comes to electronic vote fraud. (He’s an elections official, so he has some modicum of power to stop any shenanigans.) The suggestions are rich in thought and content. • Look for a paper trail. If… Read More

  • Retailer gets punk'd

    I’ve worked in retail so I know how shady some people can be when they try and return items, but I’ve never seen anything like this before. An Xbox 360 was returned one morning and the poor chump working was by himself and had no choice but to return the console because the thieving bastard had a receipt. He obviously didn’t inspect it well enough or else he would have found… Read More