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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
Singapore Govt Agencies to Use Common SMS Sender ID
By Nithya Subramanian | 14/06/2024
All government agencies in Singapore will use the same SMS Sender ID to safeguard the public against scams.
Fraud, Scams & Cybercrime
Westpac Enhances Security Features to Protect Against Scams
By Sanday Chongo Kabange | 13/06/2024
Westpac’s Ben Young said the new security features will help individuals and small businesses identify potential scams before they have made a payment,
Fraud, Scams & Cybercrime
Terraform, Do Kwon Agree $4.6b Settlement With US SEC
By Editors | 13/06/2024
The settlement comes after a New York jury in April found Terraform Labs and Do Kwon liable on civil fraud charges.
Fraud, Scams & Cybercrime
Korea’s Woori Bank Discovers Another Embezzlement Case – Report
By Editors | 13/06/2024
An employee at one of Woori’s branches forged documents related to loans and deposits to embezzle funds that were used to invest overseas.
Fraud, Scams & Cybercrime
RBI Announces Launch of Global Anti-Fraud Hackathon
By Ajoy K Das | 12/06/2024
The RBI is inviting innovations and solutions on real time prediction, detection and prevention of fraud in financial transactions.
Fraud, Scams & Cybercrime
Hong Kong, Singapore to Strengthen Cooperation on Scam Calls
By Editors | 11/06/2024
Hong Kong’s OFCA and Singapore’s IMDA have signed an MoU to strengthen their cooperation in combating scam calls and messages.
Fraud, Scams & Cybercrime
UK PSR Rejects Calls to Delay Fraud Reimbursement Rules
By Editors | 11/06/2024
Interim head of the PSR, David Geale, said there was a need to “act quickly” on APP fraud and that the new rules would be introduced in October as planned.
Fraud, Scams & Cybercrime
Former AllianzGI Fund Manager Pleads Guilty to Fraud
By Editors | 10/06/2024
Gregoire Tournant admitted to providing deceptive information to investors in AllianzGI’s now-defunct Structured Alpha funds.
Fraud, Scams & Cybercrime
GCFFC APAC Chapter Publishes First Financial Scams Report
By Manesh Samtani | 10/06/2024
The GCFFC calls for the establishment of an international task force or body with a clear anti-fraud and scams mandate.
Fraud, Scams & Cybercrime
RBI to Set Up Digital Platform to Minimise Payment Fraud
By Ajoy K Das | 10/06/2024
The RBI said the platform will allow “network level intelligence and real-time data sharing across the digital payments’ ecosystem”.
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