Fraud, Scams & Cybercrime

    Reporting on fraud schemes, cyber attacks targeting financial systems, regulatory responses, and advancements in fraud prevention technologies.

    image

    Fraud, Scams & Cybercrime

    India: Industry Body to Publish Whitelist of Digital Lenders

    By Ajoy K Das | 09/02/2024

    The Digital Lenders’ Association of India said borrowers will be able to use the list to protect themselves against scammers and fake apps.

    image

    Fraud, Scams & Cybercrime

    Singapore Court Jails Director for Wirecard-related Breach of Duty

    By Ranamita Chakraborty | 08/02/2024

    The Singaporean national signed letters to Wirecard AG stating various bank account balances, without verifying those balances.

    image

    Fraud, Scams & Cybercrime

    South Korea Jails Two Bitsonic Executives for Crypto Theft

    By Sanday Chongo Kabange | 08/02/2024

    The CEO and CTO were sentenced to seven years and one year in jail, respectively, for embezzling KRW 10 billion in customer funds.

    image

    Fraud, Scams & Cybercrime

    Ransomware Losses in 2023 Exceeded $1bn in Crypto : Report

    By Nithya Subramanian | 08/02/2024

    Chainalysis crypto crime report attributes last year’s surge in ransomware attacks to heightened intensity and sophistication by diverse actors.

    image

    Fraud, Scams & Cybercrime

    Victims of Predatory Lending to Get Free Legal Support in Korea

    By Sanday Chongo Kabange | 07/02/2024

    The FSS and Korea Legal Aid Corporation will offer free legal support to victims of illegal predatory lending.

    image

    Fraud, Scams & Cybercrime

    Korean Authorities Arrest Three Over Alleged Crypto Fraud

    By Sanday Chongo Kabange | 07/02/2024

    Three executives of crypto platform Haru Invest were arrested for failing to return KRW 1.1 trillion worth of crypto to investors.

    image

    Fraud, Scams & Cybercrime

    US SEC Settles Charges Against China-Based Firm With No Penalty

    By Sanday Chongo Kabange | 07/02/2024

    The firm self-reported its violations, provided “substantial cooperation” to SEC staff, and undertook prompt remedial measures.

    image

    Fraud, Scams & Cybercrime

    Singapore Strengthens Measures to Tackle AI Deepfakes

    By Nithya Subramanian | 06/02/2024

    Various government agencies and industry partners are working together to prevent the malicious use of deepfake technology.

    image

    Fraud, Scams & Cybercrime

    Hong Kong: Ex-Stanchart Banker Jailed Over Insurance Fraud

    By Sanday Chongo Kabange | 06/02/2024

    A former Standard Chartered Bank insurance specialist has been jailed for 20 months for premeditating a scam involving two clients and breaching the trust placed in him.

    image

    PEPs & Sanctions

    US Unseals Charges Against Iranian Oil Trafficking Network

    By Editors | 05/02/2024

    Nine individuals were charged over the illicit sale of Iranian oil to government-linked buyers in Russia, Syria and China.

    JOIN OUR NEWSLETTER

    An exclusive weekly selection of top stories from the Regulation Asia editorial team.