fraud

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

Check out this epic, expertly executed $77k Indiegogo backer troll

It doesn't get much more meta than this. Raising $77k on Indiegogo, the filmmakers behind It's All Good absconded with the money, spending it all on cocaine, prosti... oh, wait. No, it was limousines

Bumble will soon let users get verified in an effort to squash impersonators

For some reason certain people feel the need to create a dating profile using someone else’s pictures. Whether it’s done to impersonate someone else, bully someone or even just pull a pr

Signifyd raises $19 million to help with online fraud protection

Online merchants spend a lot of money on chargebacks, which are demands by credit card providers to reimburse for fraudulent charges. That’s why Signifyd created technology that assesses a transacti

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 co

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 algori

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 fo

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 201

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 pro
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