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HSBC Holdings Plc recently announced financial results that fell short of projections, impacted by unexpected fraud-related charges in the UK and escalating economic uncertainties due to the Middle East conflict. Financial Outcome Below Expectations In the…
Nguyen Ngoc Thuy, owner of the English language school Apax Leaders, is facing allegations of defrauding 10,123 investors out of VND7.68 trillion (US$291 million) by selling fraudulent shares in his company, Egroup. The Investigation The Ministry of Public…
Indosat Ooredoo Hutchison (IOH) has announced significant success in the initial months following the launch of its AI-powered Anti-Spam and Anti-Scam feature. Just three months after its introduction, the feature has blocked hundreds of millions of potential…
In a decisive move against burgeoning criminal enterprises, China, Myanmar, and Thailand have committed to strengthening their collaboration in dismantling elaborate scam networks proliferating across Southeast Asia, with a particular focus on the notorious…
A federal judge dismissed a proposed class action lawsuit accusing Google of illegally profiting from Google Play gift card scams by refusing to refund millions of dollars stolen from victims. In a late Monday decision, US District Judge Beth Labson Freeman…
A federal judge on Tuesday said a former Uber Technologies Inc security chief must face wire fraud charges over his alleged role in trying to cover up a 2016 hacking that exposed personal information of 57 million passengers and drivers. The U.S. Department…
Toku has become the first telco-service provider in Singapore, and Southeast Asia, to join the global AB Handshake Community. Asia Pacific’s cloud communications and Singapore-licenced telecom service provider, Toku is currently the leading provider of…
Apple Pay is the company’s mobile payment platform. It’s a brilliant money-making scheme because Apple receives a cut of .15% of the value of each transaction that uses the feature (15 cents for each $100 purchase). With more than a million retail stores, gas…
Fibre fraudulence involving the ‘high risk’ commodities of veal, wine, fish and mollusks fell between $700 million to $1.3 billion. According to the report, the cost of fraud in the sheep meat, wool, wheat, horticulture and dairy products sectors is believed…
Hong Kong authorities have seized nearly 9000 Thai cleaning products suspected to have wrong labeling from a shop founded by a pro-democracy activist facing charges under the city’s contentious national security law. Customs officers on Thursday raided 25…
Social networks that enable trading of goods should be regulated like e-commerce trading platforms, a draft decree by the Ministry of Industry and Trade proposes. It seeks to expand the scope of online marketplace regulations to include social media that…
The firm was ordered to cease payment services in the country in October, and to return all customers’ funds, amid an investigation into missing funds. Payments services provider Wirecard is seeking a buyer for its Singapore entity and has at least one party…
Another day, another major Android threat discovered by security researchers as it lurks in the shadows in anticipation of its time in the mischievous limelight. In a way, this BlackRock malware detected and rigorously documented by the folks over at…
Financial regulators are cracking down on the opaque international fine art market’s untoward methods and loopholes for money laundering. The Swiss «Bouvier case» was the trigger. Prosecutors in Geneva and New York are wading through reams of evidence…
A successful Android app developer with over half a billion installs to its credit is having its apps removed by Google from the Play Store. DO Global, based in China, has had 46 apps erased from Google’s Android app storefront after an investigation…
Two trade-show fraudsters have received jail sentences after Customs caught them selling fake goods at the Hong Kong Convention & Exhibition Centre. A person in charge of an exhibition booth and a salesperson were sentenced to three months’ imprisonment and…
