Amazon venture fund backs startup developing fix for return fraud

Amazon backs startup founded by MIT researcher in $12M round to tackle $100B return fraud crisis - Tech Startups

Return fraud has quietly ballooned into a $100 billion problem for retailers. It’s the kind of scam that feels almost too simple: customers request refunds, keep the product, and send back an empty box—or worse, a box filled with junk. […] The post Amazon backs startup founded by MIT researcher in $12M round to tackle $100B return fraud crisis first appeared on Tech Startups.

Amazon venture fund backs startup developing fix for return fraud

Cambridge Terahertz's package screening technology could help reduce fraudulent returns, a problem that's plagued Amazon.