fraud

Anti-fraud startup Shape Security raises $26M in Series E round to drive global expansion

Shape Security, a fraud-fighting cybersecurity company, has closed a $26 million round of Series E funding. This will be the fifth round of funding — more than $130 million — since the Mountain Vi

MoviePass is under investigation for securities fraud in New York state

More bad news for MoviePass. At the direction of New York Attorney General Barbara Underwood, MoviePass parent company Helios and Matheson is now the subject of a fraud probe in New York state.

WSJ reports that Theranos will finally dissolve

Theranos is reportedly finally closing down for good, nearly three years after a Wall Street Journal investigation called its blood testing technology into question. The WSJ said the company, whose dr

Amazon is working with the FTC’s fraud investigation against Sellers Playbook

Amazon said today it is working with the Federal Trade Commission’s investigation into consumer fraud allegedly committed by Sellers Playbook, a Minnesota-based business that claimed to help Amazon

24 IRS phone scammers sentenced

Finally, a little justice for the scammers who prey on the unsuspecting. Twenty-four more phone scammers have received prison sentences of up to 20 years for fraud and money laundering. The extent of

Bank says Ticketmaster knew of breach months before taking action

Ticketmaster UK announced on its site yesterday that it identified malicious malware on June 23rd that had affected nearly five percent of their customers, allowing an unknown third-party access to cu

PayPal to buy Simility, a specialist in AI-based fraud and risk management, for $120M

Payment provider PayPal continues apace with its acquisitions streak to bring more modern tools into its platform to serve its 237 million customers. Today the company announced that it is buying Simi

Riskified prevents fraud on your favorite e-commerce site

Meet Riskified, an Israel-based startup that has raised $64 million in total to fight online fraud. The company has built a service that helps you reject transactions from stolen credit cards and appr

Stripe debuts Radar anti-fraud AI tools for big businesses, says it has halted $4B in fraud to date

Cybersecurity continues to be a growing focus and problem in the digital world, and now Stripe is launching a new paid product that it hopes will help its customers better battle one of the bigger sid

Zelle users are finding out the hard way there’s no fraud protection

Scammers have taken to Zelle, the Venmo alternative backed by U.S. banks, to defraud consumers who believe the service includes the same protections they’ve come to expect from PayPal. A number

US government files charges in $6 million My Big Coin cryptocurrency Ponzi scheme

On Wednesday, the U.S. Commodity Futures Trading Commission (CFTC) revealed it has filed a lawsuit against the creators of My Big Coin, an alleged cryptocurrency scam that took naive investors for $6

Serial SWATter arrested, charged with involuntary manslaughter

Wichita police have arrested a 25-year-old online troll who calls himself SWAuTistic, charging him with involuntary manslaughter after sending police to a Kansas address. When police arrived at the ad

Alphabet and Goldman Sachs are suing adtech startup Outcome Health for alleged fraud

Investors are suing Outcome Health, a startup selling ad space on screens in doctors' offices, for alleged fraud and breach of contract eight months after pouring $500 million into the company.

Feedzai closes $50M Series C to help banks and merchants identify fraud with AI

Feedzai is announcing a $50 million Series C this morning led by an unnamed VC with additional capital from Sapphire Ventures. The six year old startup builds machine learning tools to help banks and

Onfido raises $30M more for its AI-based identity verification technology

Malicious hackers and security breaches that have exposed personal information of millions of people have pushed the issue of online security into the spotlight, not just for individuals but for organ

Crunch Report | Slack Raises $250 Million

Slack raises a pretty big chunk of change from SoftBank, the DOJ is investigating an Equifax stock dump and Google debuts payments app Tez in India. All this on Crunch Report.

Phone fraud detection service Next Caller raises $5 million

Fraud detection is a huge problem for retailers and the banking industry. But as companies fortify their defenses against fraudsters, the criminal element finds new weaknesses to exploit. The latest t

Former startup CEO indicted for allegedly defrauding employees

Following allegations of the now-defunct job search startup WrkRiot scamming employees out of wages and its CEO Isaac Choi of misleading former employees about his credentials, the U.S. Department of

Signifyd raises $56 million for e-commerce fraud protection

E-commerce fraud is a growing problem, but Signifyd thinks it has a solution to save businesses money. Their company is growing fast and has closed a $56 million Series C investment led by Bain Capita

Google gets better at flagging apps trying to fake their way into the Play Store’s top charts

Google today announced it’s rolling out a new detection and filtering system on the Play Store to crack down on those developers who use illegitimate means to boost their apps’ rankings in
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