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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
UN Committee Approves Global Cybercrime Treaty Despite Opposition
By Manesh Samtani | 10/08/2024
The UN Convention against Cybercrime still needs to be ratified by at least 40 nations at the General Assembly in the fall.
Fraud, Scams & Cybercrime
Australia to Roll Out ‘Confirmation of Payee’ in Early 2025
By Sanday Chongo Kabange | 09/08/2024
SWIFT has been selected to develop a central matching service to underpin the ‘confirmation of payee’ services at Australian banks.
Fraud, Scams & Cybercrime
US Court Approves $12.7B Settlement Between CFTC, FTX
By Editors | 09/08/2024
The CFTC’s Ian McGinley said the settlement represents the largest recovery for investors in the regulator’s history.
Fraud, Scams & Cybercrime
Singapore Court Sentences Crypto CTO for Investment Scam
By Ranamita Chakraborty | 09/08/2024
Wang Xinghong developed a crypto mining app that allowed A&A Blockchain to input fake numbers to misrepresent investor returns.
AI Risk & Governance
Google DeepMind Publishes Research on GenAI Misuse Tactics
By Nithya Subramanian | 09/08/2024
The researchers categorise GenAI misuse into two categories – exploitation of GenAI capabilities, and compromise of GenAI systems.
Fraud, Scams & Cybercrime
German Prosecutors Charge Two More Ex-Wirecard Execs
By Ranamita Chakraborty | 08/08/2024
The two executives allegedly breached their fiduciary duties by approving unsecured loans that were used to embezzle “several hundred million euros”.
Fraud, Scams & Cybercrime
Australian Police Obtain New Intelligence on Crypto Scams
By Sanday Chongo Kabange | 08/08/2024
The AFP identified over 2,000 compromised crypto wallets belonging to Australians by participating in a global anti-scam initiative launched by Chainalysis.
Anti-Money Laundering
US, Germany Take Down Illicit Crypto Platform Cryptonator
By Editors | 08/08/2024
Cryptonator facilitated transactions worth USD 1.4 billion, including those linked to sanctioned entities and criminal marketplaces.
Fraud, Scams & Cybercrime
US SEC Investigates Banks Over Interest Underpayments
By Nithya Subramanian | 08/08/2024
The SEC is probing some of the major US banks over allegations that they systematically cheated customers out of interest on deposits.
Fraud, Scams & Cybercrime
We Must Stop the Crime Before It Happens to Stem the Scam Epidemic
By Chris Sheehan | 07/08/2024
Our aim must be to stop the crime before it happens, not to simply find an answer once money has been lost, writes NAB’s Chris Sheehan.
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