Fraud, Scams & Cybercrime

Fraud, Scams & Cybercrime

India Arrests Former Coinbase Employee Over May Hacking Incident

By Sanday Chongo Kabange | 30/12/2025

Coinbase CEO Brian Armstrong confirmed the arrest by Indian police following a May security incident where hackers bribed overseas support staff.

Data Privacy

South Korea Launches Sector-Wide Probe Following Shinhan Card Data Leak

By Mark Johnston | 29/12/2025

FSC convenes emergency meeting after internal employee leaks 192,000 merchant records; FSC to inspect all card issuers.

Supervision & Enforcement

South Korea Launches Task Force to Tackle 'Undue Interference' in Policy Finance

By Mark Johnston | 29/12/2025

South Korea’s Ministry of SMEs and Startups has launched a programme to combat illegal third-party interference in policy funding.

Fraud, Scams & Cybercrime

China Urges Banks to Tighten Oversight Following Crime Crackdown

By Mark Johnston | 29/12/2025

A joint campaign by the MPS and NFRA dismantled 200 criminal gangs, prompting new warnings for financial institutions on outsourcing risks.

Fraud, Scams & Cybercrime

Thailand Targets Nominee Firms, Money Mule with New Registration Rules

By Sanday Chongo Kabange | 29/12/2025

The new measures, effective 1 January 2026, aim to tackle rising financial fraud by tightening company registration and leveraging inter-agency data.

Fraud, Scams & Cybercrime

Indonesia Tightens Bank Cyber Rules After BI-FAST Fraud

By Sanday Chongo Kabange | 29/12/2025

Indonesia's financial regulators are inspecting banks and demanding stronger controls after organised criminals exploited internal weaknesses to steal an estimated IDR 200 billion.

Fraud, Scams & Cybercrime

Singapore Set to Introduce Mandatory Caning for Scam Offences

By Sanday Chongo Kabange | 29/12/2025

New laws effective 30 December will impose mandatory caning for scammers and discretionary caning for money mules to deter surging fraud.

Fraud, Scams & Cybercrime

India to Curb UPI Payment Features Over Fraud Concerns

By Editors | 26/12/2025

India's NPCI is set to limit the 'Collect' and 'Autopay' functions to combat fraud and misleading charges.

Fraud, Scams & Cybercrime

India Seeks Global Asset Freeze in Alleged INR 50 bn Forex Fraud

By Editors | 26/12/2025

Authorities have issued an Interpol notice and are coordinating with the FBI and Europol in a probe into unauthorised trading platform OctaFX.