Latest news with #BlackCloak
Yahoo
02-06-2025
- Business
- Yahoo
Scamnetic, Inc. Files Lawsuit Against BlackCloak, Inc. for Trade Secret Misappropriation, Breach of Contract and Deceptive Trade Practices
TAMPA, Fla., June 02, 2025--(BUSINESS WIRE)--Scamnetic, Inc., a leading provider of scam prevention and protection services, has filed a lawsuit against BlackCloak, Inc. in the United States District Court for the Middle District of Florida, Orlando Division. The lawsuit alleges that BlackCloak misappropriated Scamnetic's trade secrets related to Scamnetic's first of its kind proprietary tool, IDEveryone, which is designed to combat the ongoing epidemic of scams. Scamnetic developed IDEveryone to help users verify the identity of the people they interact with in any channel and to detect scam communications. Since Scamnetic released IDEveryone in August 2024, the tool has been instrumental in protecting consumers from sophisticated scam attempts, including those using AI deepfakes. The complaint states that Scamnetic and BlackCloak entered into a Mutual Confidentiality and Non-Disclosure Agreement (NDA) to explore potential business partnership opportunities. Scamnetic provided BlackCloak with confidential and trade secret information about IDEveryone subject to the NDA, under which the only permissible use of the information was to explore the partnership. But rather than enter a partnership with Scamnetic, BlackCloak took Scamnetic's trade secret information for itself, launching its own copy of Scamnetic's identity verification product in April 2025. Scamnetic's CEO Al Pascual indicated that "Scamnetic is as committed to vigorously protecting our intellectual property as we are committed to fighting scams." The lawsuit seeks injunctive relief as well as damages for the harm caused by BlackCloak's alleged actions. View source version on Contacts For more information, please contact: prforscamnetic@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
02-06-2025
- Business
- Yahoo
Scamnetic, Inc. Files Lawsuit Against BlackCloak, Inc. for Trade Secret Misappropriation, Breach of Contract and Deceptive Trade Practices
TAMPA, Fla., June 02, 2025--(BUSINESS WIRE)--Scamnetic, Inc., a leading provider of scam prevention and protection services, has filed a lawsuit against BlackCloak, Inc. in the United States District Court for the Middle District of Florida, Orlando Division. The lawsuit alleges that BlackCloak misappropriated Scamnetic's trade secrets related to Scamnetic's first of its kind proprietary tool, IDEveryone, which is designed to combat the ongoing epidemic of scams. Scamnetic developed IDEveryone to help users verify the identity of the people they interact with in any channel and to detect scam communications. Since Scamnetic released IDEveryone in August 2024, the tool has been instrumental in protecting consumers from sophisticated scam attempts, including those using AI deepfakes. The complaint states that Scamnetic and BlackCloak entered into a Mutual Confidentiality and Non-Disclosure Agreement (NDA) to explore potential business partnership opportunities. Scamnetic provided BlackCloak with confidential and trade secret information about IDEveryone subject to the NDA, under which the only permissible use of the information was to explore the partnership. But rather than enter a partnership with Scamnetic, BlackCloak took Scamnetic's trade secret information for itself, launching its own copy of Scamnetic's identity verification product in April 2025. Scamnetic's CEO Al Pascual indicated that "Scamnetic is as committed to vigorously protecting our intellectual property as we are committed to fighting scams." The lawsuit seeks injunctive relief as well as damages for the harm caused by BlackCloak's alleged actions. View source version on Contacts For more information, please contact: prforscamnetic@ Sign in to access your portfolio
Business Wire
02-06-2025
- Business
- Business Wire
Scamnetic, Inc. Files Lawsuit Against BlackCloak, Inc. for Trade Secret Misappropriation, Breach of Contract and Deceptive Trade Practices
TAMPA, Fla.--(BUSINESS WIRE)--Scamnetic, Inc., a leading provider of scam prevention and protection services, has filed a lawsuit against BlackCloak, Inc. in the United States District Court for the Middle District of Florida, Orlando Division. The lawsuit alleges that BlackCloak misappropriated Scamnetic's trade secrets related to Scamnetic's first of its kind proprietary tool, IDEveryone, which is designed to combat the ongoing epidemic of scams. Scamnetic developed IDEveryone to help users verify the identity of the people they interact with in any channel and to detect scam communications. Since Scamnetic released IDEveryone in August 2024, the tool has been instrumental in protecting consumers from sophisticated scam attempts, including those using AI deepfakes. The complaint states that Scamnetic and BlackCloak entered into a Mutual Confidentiality and Non-Disclosure Agreement (NDA) to explore potential business partnership opportunities. Scamnetic provided BlackCloak with confidential and trade secret information about IDEveryone subject to the NDA, under which the only permissible use of the information was to explore the partnership. But rather than enter a partnership with Scamnetic, BlackCloak took Scamnetic's trade secret information for itself, launching its own copy of Scamnetic's identity verification product in April 2025. Scamnetic's CEO Al Pascual indicated that 'Scamnetic is as committed to vigorously protecting our intellectual property as we are committed to fighting scams.' The lawsuit seeks injunctive relief as well as damages for the harm caused by BlackCloak's alleged actions.
Yahoo
26-03-2025
- Politics
- Yahoo
What is Signal and is it secure? Cyber security expert explains amid chat breach
Signal is one of the most secure encrypted chat apps, but it isn't infallible. BlackCloak founder and CEO Chris Pierson joins Katy Tur to explain more about the app after top Trump administration officials inadvertently shared military plans with a journalist in a group chat.
