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#fraud

Every story tagged #fraud on RetailNews Asia: reporting, analysis and market signals from across Asian retail and e-commerce.

40 stories in this topic

Twitter Logo
Electronics
1 min read

Twitter makes a change in Limiting your Followers

In an effort to stop spammers from taking over Twitter, the social media app is limiting the number of followers that can be added to an account on a single day. Previously that number was 1,000 and a tweet from the Twitter Safety account reveals that the new…

SMS Engagement Can Improve Mobile Results For Merchants Says 3Cinteractive Exec 1132x670
Telecom
1 min read

Telcos to use AI to fight SMS fraud and drive A2P messaging revenue

Juniper Research is forecasting that total operator revenues from A2P (Application-to-Person) messaging services will reach $62 billion by 2023, up from $43 billion in 2019. This represents a growth of 42% over the next 4 years. The research firm also claimed…

Bonjour
General
1 min read

Bonjour family to jail for Fraud

A family of swindlers who stole more than HK$40 million (US$5 million) from cosmetics retailer Bonjour have been imprisoned for their crimes. The highest sentence of 11 years behind bars was dealt out to the Bonjour fraud scheme ringleader Kiu Mei-ling, 64, a…

ANZ Bank
Finance
2 min read

Former ANZ employee to stand trial in million dollar fraud case

A former ANZ Bank employee will be tried for allegedly falsifying customers’ signatures and misappropriating over VND91.3 billion ($4 million). Ho Chi Minh prosecutors have submitted to the court an indictment against Nguyen Pham Gia Tho, a former employee of…

kathmandu3 1
Fashion
1 min read

Kathmandu suffers a data breach, customers potentially exposed

An unidentified third-party has breached Kathmandu’s website and potentially accessed customers’ personal information and payment details, the outdoor retailer revealed on Wednesday. The business was alerted to the breach, which took place between January 8…

Bank Cards
Finance
1 min read

Card-not-present fraud will cost retailers US$130 billion

Increasingly complex card-not-present fraud will cost retailers US$130 billion globally in digital sales over the next five years. A Juniper Research study predicts that retailers’ slow pace in keeping up with new fraud prevention requirements will allow…

unilever
Living
2 min read

Unilever Vietnam owes over $25mln in back taxes: state audit

The state auditing agency says Unilever Vietnam should pay over $25 million in back taxes for the 2009- 2013 period. Speaking at a National Assembly session on the draft bill on Tax Administration, State Auditor General Ho Duc Phoc pointed to the…

Lotte chairman
Living
2 min read

Lotte’s Shin returns to work after early release

Lotte Group Chairman Shin Dong-bin returned to the office on Monday, getting back to work immediately to resolve issues that were put on hold while he was imprisoned until Oct. 5. Shin was spotted heading to his office on the 18th floor of Lotte World Tower…

ecommerce
Research
1 min read

More complaints over foreign purchases online and fraud

As more South Korean consumers opt to make online purchases through overseas websites, complaints related to direct foreign purchases are also rising. A 305 per cent rise in complaints last year has been noted by the Korea Consumer Agency’s Cross Border…

boots
Living
1 min read

Boots’ owner accused of hiking medication prices

A supplier then owned by Walgreen Boots Alliance, BCM Specials, charged extortionate amounts to the health service for 500ml tubs of skin cream in 2016. A swathe of similar cases has been revealed whereby the NHS has been charged excessive prices for drugs…

analytics Nokia 15SS
Telecom
1 min read

Nokia demonstrates XGS-PON for mobile fronthaul

Nokia Bell Labs has announced the first successful demonstration of ultra-low latency 10G passive optical networks (PON) for mobile fronthaul. In the demonstration, Nokia Bell Labs showed how it is possible to use a commercial next-generation PON to transport…

Swan Mobile
Telecom
1 min read

Swan Mobile picks Subex for fraud management

Swan Mobile, a Slovak telecommunications service provider, has selected Subex to provide its ROC Fraud Management Solution. As part of the implementation, Subex’s ROC Fraud Management will cover Voice, SMS and mobile data services for pre-paid and post-paid…

iStock 43661926 SMALL
Telecom
1 min read

Oculeus introduces real-time fraud traffic blocking

OSS/BSS vendor Oculeus has introduced real-time traffic fraud blocking capabilities to its Oculeus Anti-Fraud offering. The new capabilities are designed to eliminate or significantly reduce revenue losses caused by fraudulent traffic by conducting the fraud…

VW Diesel Emissions Scandal 4
Automotive
1 min read

Australia sues Volkswagen over alleged emissions fraud

The Australian consumer watchdog on Thursday said it had sued the Australian arm of world No. 2 carmaker Volkswagen AG (VOWG_p.DE) for intentionally selling more than 57,000 vehicles with software which lied about levels of toxic emissions. “These allegations…