Fraud, Scams & Cybercrime

Cybersecurity

Korea to Introduce Punitive Fines for Financial Cybersecurity Breaches

By Manesh Samtani | 03/08/2025

Regulators plan sector-wide inspections, blind penetration tests, and new rules to strengthen CISO authority following a major ransomware attack.

Fraud, Scams & Cybercrime

Philippines SEC Files Criminal Charges Against Easypeso Operators

By Nithya Subramanian | 01/08/2025

The SEC filed charges against 173 employees of the operator, saying they violated consumer protection, data privacy and cybercrime laws through abusive debt collection tactics.

Fraud, Scams & Cybercrime

India's SFIO Completes Probe into Chinese-Linked Digital Lenders

By Nithya Subramanian | 01/08/2025

Prosecution is likely to be initiated in 33 cases, after the SFIO uncovered fraud, concealment of beneficial ownership, and predatory lending practices.

Fraud, Scams & Cybercrime

DBS Hong Kong Launches Anti-Scam Team to Contain Fraud Threat

By Manesh Samtani | 01/08/2025

The bank has established a 24/7 team to combat authorised payment scams in Hong Kong, mirroring the model used by its Singapore parent to safeguard the interests of the bank’s customers.

Fraud, Scams & Cybercrime

Bangladesh: BSEC Bans Former Chairman for Life Over Bond Scams

By Editors | 31/07/2025

The BSEC has also imposed multi-million dollar fines and sanctioned its own former leadership in a landmark enforcement action targeting market manipulation.

Fraud, Scams & Cybercrime

Indian Crypto Exchange CoinDCX Hit by Theft, Employee Arrested

By Editors | 31/07/2025

Police are investigating potential insider involvement after hackers siphoned off USD 44 million from the major Indian exchange.

Conduct, Culture & Accountability

Law Reform Needed to Combat 'Industrial Scale' Super Misconduct: ASIC

By Sanday Chongo Kabange | 31/07/2025

ASIC has called for new laws and a collective industry response to tackle the exploitation of retirement savings.

Fraud, Scams & Cybercrime

Ex-chair of Listed Firm Surrenders to Hong Kong's ICAC After 14 years

By Sanday Chongo Kabange | 31/07/2025

Li Songxiao, former head of Neo-China, faces charges of conspiracy to defraud over HKD 330 million in property deals that allegedly inflated the company's assets.

Fraud, Scams & Cybercrime

SC Malaysia Charges Former Unit Trust Consultant with Securities Fraud

By Nithya Subramanian | 31/07/2025

The consultant allegedly defrauded two investors by misrepresenting a unit trust investment, and used the funds for her personal investments.