Fraud, Scams & Cybercrime

Supervision & Enforcement

Does Australia Need an Economic Crime Harm Index?

By Manesh Samtani | 18/06/2025

As financial crime rates skyrocket, a leading industry expert has called for a “harm index” to help align the private […]

Fraud, Scams & Cybercrime

Thailand to Invest in AI-Powered Anti-Scam Data System

By Nithya Subramanian | 18/06/2025

The upgraded system will be operational in 2026. Meanwhile, recent measures to strengthen scam prevention have reduced losses, said Prasert Jantararuangtong.

Fraud, Scams & Cybercrime

ASIC Rejects Licence Application by Debt Management Firm

By Thisanka Siripala | 18/06/2025

ASIC rejected a credit licence application from Bakken Holding, citing ongoing court proceedings over alleged misconduct by the firm.

Fraud, Scams & Cybercrime

Malaysian NGO Urges Broader Probe into Civil Servant Loan Scam

By Nithya Subramanian | 17/06/2025

The MHO is urging a wider investigation into a loan scheme that allegedly defrauded civil servants, as part of a larger corruption and money laundering probe under MACC’s Op Sky.

Cybersecurity

JVCEA Makes Multi-factor Authentication Mandatory for Members

By Thisanka Siripala | 17/06/2025

The measure comes after a spate of unauthorised transactions in securities accounts this year, highlighting a need to strengthen login security.

Fraud, Scams & Cybercrime

HK and SG Police Dismantle Cross-Border Scam Syndicate

By Sanday Chongo Kabange | 17/06/2025

The joint operation resulted in 8 arrests and seizures of HKD 18 million in SIM cards used for phone scams.

Fraud, Scams & Cybercrime

Korea’s FSS Partners with Kakao to Curb Illegal Private Lending

By Thisanka Siripala | 16/06/2025

Kakao will detect and block KakaoTalk accounts being used to conduct illegal private lending and debt collection activities.

Fraud, Scams & Cybercrime

Australia: Ransomware Payment Reporting Requirement Now in Effect

By Thisanka Siripala | 13/06/2025

Businesses and critical infrastructure operators must report ransomware payments within 72 hours or face civil penalties.

Fraud, Scams & Cybercrime

ASIC Bans ex-Financial Adviser for 10 Years Over Crypto Scam

By Thisanka Siripala | 13/06/2025

ASIC says Rogan misled clients into investing in a fraudulent cryptocurrency platform while posing as a licensed adviser.