Las Vegas-based NS8, a fraud prevention software startup, laid off employees amid an SEC probe. Getty ImagesUpdated: Just months after raising over $100 million from venture capital investors, fraud prevention startup NS8 laid off hundreds of employees on Thursday after informing them it was under investigation for fraud. The startup’s CEO, Adam Rogas, abruptly left the company last week, he confirmed to Forbes. NS8 launched in 2016 to provide online fraud detection and prevention software for small businesses. “We’re seeing increased demand of about five to six times as a result of e-commerce adoption accelerating due to global events,” Rogas told the publication.

Source: Forbes September 11, 2020 20:59 UTC