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 business. In the latest development, the company has acquired Bouncer, a startup based in Oakland that has built a platform to automatically run card authentications and detect fraud in card-based […]

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 crime surged by 61%, to 791,790, according to the FBI’s 2020 Internet Crime Report. Those crimes — ranging from personal and corporate data breaches to credit card fraud, phishing and identity theft […]

Facebook sues OnlineNIC for domain name fraud associated with malicious activity

Facebook today announced it has filed suit in California against a domain registrar OnlineNIC and its proxy service ID Shield for registering domain names that pretend to be associated with Facebook, like www-facebook-login.com or facebook-mails.com, for example. Facebook says these domains are intentionally designed to mislead and confuse end users, who believe they’re interacting with […]

UK Facebook users now have a tool to report scam ads

Facebook has launched a tool for U.K. users to report ads they suspect of being scams. The feature can be accessed by clicking the three dots in the top-right corner of each ad on Facebook, then selecting ‘Report ad,’ then ‘Misleading or scam ad’ and finally ‘Send a detailed scam report.’ So if you want to think of it […]

Facebook agrees to do more to tackle scam ads after celebrity defamation lawsuit

Facebook has agreed to plough more resource into combating the use of its advertising platform by scammers, saying it will do more to tackle scam ads that use well-known public figures to try to trick consumers. It plans to launch a dedicated scam ad report button in the UK, slated to go live in around […]

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 View, Calif.-based company was founded in 2011. This latest round was led by Norwest Venture Partners, Kleiner Perkins, Allegis Capital and others […]

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 dramatic downfall spawned a best-selling book that’s set to be filmed with Jennifer Lawrence starring as Theranos founder and CEO Elizabeth Holmes, sent shareholders an […]

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. Read More (adsbygoogle = window.adsbygoogle || []).push({});