fraud

  • Final is a plaster on the gaping wound that is U.S. credit card security

    Final is a plaster on the gaping wound that is U.S. credit card security

    Credit card fraud is a big problem, with an increasing number of companies launching products to patch the problems. The most recent example is Final, which today announced it is shipping its first consumer product: disposable credit card numbers. That’s lovely, but in doing so, it serves predominantly as an example of a company fixing a serious problem from the wrong side of the fence. Read More

  • 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