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
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.
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 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
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
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
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
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
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
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
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
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
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 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
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
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.
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
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
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 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