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Fraud, Scams & Cybercrime
Reporting on fraud schemes, cyber attacks targeting financial systems, regulatory responses, and advancements in fraud prevention technologies.
Fraud, Scams & Cybercrime
Hong Kong Court Jails Ex-Lawmaker for Defrauding Stock Exchange
By Sanday Chongo Kabange | 04/02/2025
A father and son were jailed for concealing a backdoor listing from the stock exchange. A third individual was jailed for laundering HKD 42 million.
Fraud, Scams & Cybercrime
BOT Announces Enhanced Measures to Address Mule Accounts
By Manesh Samtani | 02/02/2025
The BOT also said it supports a recently approved emergency decree amendment that will establish a shared responsibility framework for FIs, telcos and users.
Fraud, Scams & Cybercrime
UK Sentence Operators of Website that Enabled Account Takeover Fraud
By Thisanka Siripala | 02/02/2025
The operators provided tools including a “spoof call bot”, a ‘free text to speech’ service, and pre-scripted calls specifically designed to target customers.
Fraud, Scams & Cybercrime
Australia Identifies 5,000 Potential Victims of Romance Scams
By Sanday Chongo Kabange | 01/02/2025
The potential victims were identified from devices found by Philippine authorities at a Manila-based scam compound
Fraud, Scams & Cybercrime
ASIC Calls Out Super Funds for Weak Anti-Scam Practices
By Thisanka Siripala | 31/01/2025
None of the 15 superannuation trustees that were reviewed by ASIC had an organisation-wide scams strategy in place
Fraud, Scams & Cybercrime
Hong Kong Court Order “Successfully Executed” on Tron Blockchain
By Editors | 31/01/2025
The use of tokenised legal notices opens up an avenue to recover lost funds even when the identity of those controlling crypto wallets are unknown
Fraud, Scams & Cybercrime
Korea Investigates Financial Planners for Alleged Ponzi Fraud
By Editors | 31/01/2025
PS Financial Services and Mirae Asset Financial Services are undergoing on-site inspection as part of the investigation
Fraud, Scams & Cybercrime
Five Indicted in DPRK Remote IT Worker Fraud Case
By Editors | 30/01/2025
The indictment targets five individuals including two US nationals who operated “laptop farms” at their residences
Fraud, Scams & Cybercrime
Australian Banks Call Out Meta for Failing to Tackle Scams
By Thisanka Siripala | 30/01/2025
CBA and Westpac said in parliamentary submissions that Meta is failing to take action to remove scam-related pages and posts on Facebook.
Fraud, Scams & Cybercrime
New Zealand Starts Publishing More Data on Banking Complaints
By Thisanka Siripala | 28/01/2025
Kiwibank had the highest number of total cases for the October to December quarter when adjusted for market cap
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