The Hong Kong Monetary Authority (HKMA) will announce on Monday new measures to be implemented by banks to safeguard the public from financial fraud, stepping up its vigilance to prevent scams that caused losses of HK$9.15 billion (US$1.2 billion) last year. Called “E-Banking Security ABC”, the “ABC” refers to tightening “authorisation” methods for transactions, saying…
The Department of Justice has charged a founder with defrauding investors after his AI shopping app was allegedly discovered to be nothing more than a couple of people in a trench coat. Nate offered a mobile app that promised users a one-click checkout experience on any e-commerce website “without human intervention,” effectively meaning they could…
A former Hong Kong police officer is facing 30 counts of bribery and fraud after he was previously charged by the city’s anti-corruption agency with accepting an unauthorised loan from someone linked to an investigation. Magistrate Frances Leung Nga-yan on Friday approved an application by prosecutors to charge 50-year-old Mak Kwok-hung with the extra counts…
Christine Hunsicker, founder and chief executive officer of CaaStle Inc. speaking at a Bloomberg … More event. Photographer: Mark Kauzlarich/Bloomberg © 2019 Bloomberg Finance LP Axios reported earlier this week that fashion tech company Caastle is virtually broke and its founder, Christine Hunsicker, is being accused of financial misconduct, according to Axios’ anonymous sources. Axios…
Google Play Store is home to millions of apps and games, but at the same time, it’s also a nest for malware-ridden apps that put users at big security risks. Now, the platform has built a new initiative where users and developers will be protected thanks to the new security features. Google Play Protect Extends…
A Sunday Times investigation this weekend claimed that “suspicious loan applications” totalling almost £60 million have been identified by the Student Loan Company (SLC) in the 2022/23 academic year – with fears that the true sum could amount to hundreds of millions of pounds. It alleged that most of those under scrutiny are enrolling at…
Jury finds Feeding Our Future founder Aimee Bock guilty in massive pandemic fraud trial Jury finds Feeding Our Future founder Aimee Bock guilty in massive pandemic fraud trial 02:28 A jury delivered a string of guilty verdicts Wednesday afternoon in what prosecutors call the largest pandemic fraud case in the country. The jury heard closing…
Hong Kong’s anti-corruption agency has arrested 22 individuals, including 18 bank employees who allegedly accepted HK$2 million (US$257,372) in bribes from an intermediary to defraud the institutions of referral fees in mortgage loan applications. The 13 men and nine women, aged between 31 and 56, were arrested in raids at more than 30 locations earlier…
Hong Kong’s anti-corruption agency has arrested 22 individuals, including 18 bank employees who allegedly accepted HK$2 million (US$257,372) in bribes from an intermediary to defraud the institution of referral fees in mortgage loan applications. The 13 men and nine women, aged between 31 and 56, were arrested in raids at more than 30 locations earlier…
Hong Kong police have smashed a fraud syndicate and arrested six suspects who allegedly cheated at least 12 victims out of about HK$520,000 (US$66,667) in a series of phone scams since last November. Officers on Sunday also urged schools to be on their guard against phone fraudsters after syndicate members were found in some cases…