US administration issues initial framework for future cryptocurrency regulation balancing risks and opportunities
News fraud
SEC Charges Founders Of Crypto Group Forsage With Fraud
US SEC complaint says 11 associated with 'smart contract' firm Forsage, including founders, ran fraudulent pyramid and Ponzi scheme for more than two years
FBI Adds ‘Cryptoqueen’ To List Of Ten Most Wanted
FBI adds Ruja Ignatova, former leader of OneCoin cryptocurrency scheme, to list of ten most wanted over running 'one of largest Ponzi schemes in history'
Amazon Takes Legal Action Against Fake Review Brokers
Amazon takes legal action against four firms it says brokered false reviews en masse, as government promises stronger consumer protections
NCSC Warns Of Threats Posed By Malicious Apps
Millions of people install apps to manage smart devices, but UK's NCSC warns of risk posed by fraudulent apps containing malware
Israeli Private Eye Pleads Guilty In Wirecard Hacking Case
Israeli private detective pleads guilty to hacking targets on behalf of Wirecard, in first successful prosectution since German fintech's collapse in 2020
Crypto Companies Band Together To Address Fraud Risk
Large crypto companies and trade associations promote 'market integrity pledge' to gain public trust amidst ongoing risk of manipulation and fraud
Orange CEO Resigns After Court Conviction
Stephane Richard steps down from his CEO and chairman positions of French mobile giant Orange, after his conviction by a Paris court
Tech Giants Defend Record Against Online Scams
Amazon, eBay, Facebook and Google respond to MPs over their role in facilitating online scams, as fraud activity skyrockets during pandemic
O2 Subject Of Bribery Investigation By SFO – Report
Serious Fraud Office is investigating UK mobile operator O2 over “possible violations of anti-bribery laws and regulations”
Turkish Crypto Exchange Boss Flees Country Amidst $2bn Fraud Probe
Chief executive of Turkish cryptocurrency trading platform Thodex flees to Albania as estimated $2bn in investors' assets reportedly lost
John McAfee Indicted Over Cryptocurrency Fraud
McAfee indicted in US over allegedly promoting cryptocurrencies to his massive Twitter base of followers, then selling his holdings once prices rose
Internet’s Biggest Card Theft Marketplace To Shut Down
Joker's Stash, a 'dark web' marketplace estimated to have generated more than $1 billion in sales of stolen payment card data, announces imminent shutdown
European Commission Warns Of Rising Pandemic Scam Risk
European Commission tells internet media and e-commerce companies to prepare for increase in Covid-19-related scams and disinformation as cases rise
Twitter, Facebook Flags Trump Posts Ahead Of US Election
US President Donald Trump has had his posts on Monday about mail-in voting fraud flagged by both social networking platforms
Amazon Deletes Thousands Of ‘Fake’ Reviews After Probe
Amazon deletes tens of thousands of reviews from its sites after two studies focus on use of fraudulent five-star reviews to promote substandard products
Personal Data Of 24 Million South Africans Exposed By Experian Breach
Oh dear. Fraudster is blamed for breach of credit agency Experian, which has exposed the personal data of 24 million South Africans
Wirecard Munich HQ Searched By Police And Prosecutors
Fintech fraud investigation continues into Wirecard, as German police and prosecutors search bankrupt firm's Munich headquarters
Hackers Use Coronavirus Scare To Attack Government Systems
Attack groups make use of chaos around coronavirus to target organisations in Mongolia, South Korea, Ukraine, Vietnam and elsewhere
Facebook Sues Firm For ‘Celeb Bait’ Adverts That Installed Malware
Social networking giant takes action against advertising fraud with a lawsuit against Hong Kong firm
Unpatched Android Flaw Exploited To Steal Banking Logins
Unpatched 'StrandHogg' vulnerability found to be targeting at least 60 financial institutions, but could also be used to carry out range of other attacks
America Criticised For Mike Lynch Extradition Request
US DoJ officials damned for filing extradition request for former Autonomy boss, whilst a court case is ongoing in London
Kolkata Police Shut Down Scam Call Centres
Fraudsters convinced Devon man his computer had been taken over by a Russian criminal involved in trafficking guns, ammunition and hand grenades
UK Teen Sentenced For Hacking, Selling Personal Data
Norwich 19-year-old found to have made hundreds of thousands of pounds in Bitcoin from selling compromised personal data and on-demand hacking services
Libra Cryptocurrency Scams Found On Facebook, Instagram
Facebook's own platforms found to be used in scams related to Libra cryptocurrency, adding to regulatory pressure over the controversial plans
Cyber-Security Watchdog Foils Airport Fraud Scheme
NCSC security agency stops phishing scams and helps reduce online fraud impersonating HMRC as part of 'active' cyber defence programme
Banks Launch Fraud Repayment Scheme
The voluntary refund programme aims to address 'no fault' scams in which customers are tricked into authorising payments, but not all banks have joined
GCHQ To Work With Banks To Thwart Fraud, Cyber Attacks
British intelligence joins the fight against bank fraud and cyber attacks as it seeks to work more closely with businesses
Cyber-Crime Losses Soar To £34.6m In Second Half Of 2018
More than 13,000 people reported falling victim to cyber-crime in the latter part of the year, as hackers target email and social media accounts
IT Life: Jamie Hutton, Quantexa
Quantexa chief technology officer Jamie Hutton talks about artificial intelligence, international money laundering, and his favourite DJ app