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Alloy leans on fraud prevention to land new $1.55B valuation

When Alloy was founded in 2015, its mission was to help banks and fintechs make better identity and risk decisions using its single API service and...

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Former Theranos exec Sunny Balwani is found guilty

Unlike CEO Elizabeth Holmes, Balwani was indicted for defrauding patients, as well as investors.

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FTC hammers Walmart over years of ‘facilitating’ money transfer scams

The Federal Trade Commission is suing Walmart for sitting by while scammers bilked customers out of more than $197 million, the agency alleged in a...

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Flagright offers transaction monitoring with usage-based pricing

Flagright, a startup baked by Y Combinator, among others, has raised several million to fuel the expansion of its fraud monitoring technology.

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Four-month-old Doppel is helping some of the biggest NFT projects spot scams

The web3 startup raised $5 million in seed funding led by FTX Ventures and counts Yuga Labs and Dapper Labs as its biggest customers

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Anglo-Hungarian anti-fraud platform SEON pulls in a $94M Series B led by IVP

Last year, SEON, which has an anti-fraud platform designed to fight accounts raised a $12 million Series A. It does this by looking at a customer’s...

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Mailchimp says an internal tool was used to breach hundreds of accounts

The email marketing giant said hackers targeted customers in the cryptocurrency and finance sectors.

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Google discovers threat actor working as an ‘initial access broker’ for Conti ransomware hackers

"Exotic Lily" breaks into vulnerable organizations and sells access to victim networks.

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UK expands Online Safety Bill to cover scam ads and eyes wider reforms

The UK government has again announced an extension to the scope of the draft Online Safety Bill — this time bringing scam ads into scope...

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Sardine’s algorithm helps crypto and fintech companies detect fraud

It’s a great time to be in the fraud detection business in crypto and fintech. Crypto in particular has faced some high-profile scams recently, and...

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DOJ seizes $3.6B in bitcoins after busting entrepreneur couple in Bitfinex laundering scheme

The U.S. Justice Department (DOJ) has seized over 94,000 bitcoins that were allegedly stolen in the 2016 hack of crypto exchange Bitfinex and...

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FTC: US consumers lost $770 million in social media scams in 2021, up 18x from 2017

A growing number of U.S. consumers are getting scammed on social media, according to a new report by the Federal Trade Commission (FTC), which...

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FTC orders online shop to pay $4M for hiding reviews below 4 stars

We all know online reviews must be taken with a grain of salt, but generally you’d like to think that a product with a 4.5-star average is...

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FrankieOne nabs $16M to provide fintechs with ID and fraud management as a service

Fraud continues to be a major issue in the world of digital transactions, a situation that research shows was only compounded in the last 20 months...

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Alloy raises $100M at a $1.35B valuation to help banks and fintechs fight fraud with its API-based platform

Alloy, which has built an identity operating system for banks and fintechs, announced Thursday that it has raised $100 million at a $1.35 billion...

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Finding fraud in a world of fast-moving deals

Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast, where we unpack the numbers behind the headlines. We got the crew...

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Forter raises $300M on a $3B valuation to combat e-commerce fraud

E-commerce is on the rise, but that also means the risk, and occurrence, of e-commerce fraud is, too. Now, Forter, one of the startups building a...

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Stripe acquires Bouncer, will integrate its card authentication into the Radar fraud detection tool

On the heels of a $600 million fundraise earlier this year, payments giant Stripe has been on an acquisition march to continue building out its...

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Shift Technology raises $220M at a $1B+ valuation to fight insurance fraud with AI

While incumbent insurance providers continue to get disrupted by startups like Lemonade, Alan, Clearcover, Pie and many others applying tech to...

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Fraud prevention platform Sift raises $50M at over $1B valuation, eyes acquisitions

With the increase of digital transacting over the past year, cybercriminals have been having a field day. In 2020, complaints of suspected internet...

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Geico admits fraudsters stole customers’ driver’s license numbers for months

The auto insurance giant said it has fixed the website bug.

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Feedzai raises $200M at a $1B+ valuation for AI tools to fight financial fraud

On the heels of Jumio announcing a $150 million injection this week to continue building out its AI-based ID verification and anti-money laundering...

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Wise accuses former Brazil banking partner of smear campaign after ‘unfounded’ accusations of fraud

Wise, the London-headquartered company that made its name offering international money transfers and is reportedly planning an IPO, has accused its...

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Early Affirm employees raise $70M for SentiLink, an identity verification startup

SentiLink, an identity verification technology startup, has raised $70 million in a Series B funding round led by Craft Ventures. Felicis Ventures,...

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Tiger Global leads $34M investment into Unit21, a no-code fraud prevention platform

Unit21, a startup that helps businesses monitor fraudulent activities with its no-code software, announced today it has raised $34 million in a...

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Fraud protection startup nSure AI raises $6.8M in seed funding

The round will allow the startup to expand its fraud detection platform.

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RSA spins off fraud and risk intelligence unit as Outseer

The pandemic fueled "unprecedented" growth in fraudulent transactions.

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Hackers are targeting employees returning to the post-COVID office

With COVID-19 restrictions lifting and employees starting to make their way back into offices, hackers are being forced to change tack. While remote...

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