In a class action launched in the United States, China is now being sued to get the money back. The lawsuit accuses Chinese authorities of negligence, lies and cover-ups.
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Banking
Is a Global Recession Looming?
Millions of jobs could be lost as economies grind to a halt in the midst of efforts to contain the coronavirus pandemic. The lock downs imposed in many countries have also disrupted all sectors of the economy, causing a cascading effect across the globe. Is the global economy now facing its deepest recession in history amidst a colossal public health disaster?
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Libra Zuckerberg’s Dangerous Cryptocurrency Lie
Facebook’s cryptocurrency Libra rides the decentralisation bandwagon when in reality it might become the ultimate step towards wealth consolidation and information control of the global Facebook empire.
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Cashless Society and the End of Freedom
Limiting cash payments and banning high-value bank notes is becoming a global trend.
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Banking on TechRepublic
The latest on Banking on TechRepublic
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Coronavirus New Scam Targeting Online Bankers
Westpac’s director of digital security Josh Nast discusses new scams targeting a rise in online banking and shopping as people self isolate for COVID-19.
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Banking, Regulation & Risk
Banking, Regulation & Risk
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New Bank Scam
The CyberGuy Kurt Knutsson on the sophisticated bank scams taking advantage of consumers and apps with subscription models built in charging users hundreds of dollars.
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Jamtara’s Credit Card Scammers
Jamtara has been the centre for credit card scams in India. In just 2019, 107 phishing scammers were arrested from Jamtara for stealing from unsuspecting victims.
Here’s the fascinating (true!) story of the brewing cyber crime from the people of Jamtara themselves.
Catch the con artists pulling-off phishing scams in the crime-thriller Jamtara, now streaming on Netflix.
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Aurora woman loses $250K to Online Dating Scam
An Aurora woman was swept off her feet and then taken to the cleaners, losing $250,000. She thought she was falling in love but instead, was betrayed.
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Identity Theft
It starts with what sounds like a promising phone call: For a one-time fee, you can lower the interest rate on your credit card. But the person on the other end of the line isn’t with your bank or credit card company — and what that person is really after is your identity.
We obtain a database of names of people who have had their identities stolen through this scam, and inform them about the breach. And we talk to experts and a former fraudster who tell us how you can protect your personal information, including testing whether Equifax and TransUnion are doing enough to protect you.
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Cyber Impersonation Scam
From your bank account details to your home address – your emails hold a treasure trove of personal information about you and every transaction you make can be traced right back to your electronic signature. Every day in South Africa people transfer and receive funds, using the internet and from the comfort of their own homes – but where there’s money moving, criminals aren’t far behind. Now, by intercepting and impersonating you on your emails, cyber hackers are making off with thousands of rands in fraudulent electronic transfers. Carte Blanche investigates.
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Financial Institutions Report a 56% Increase in Cyber Attacks
We rely a lot on online banking these days, but what happens when your bank’s website is down – especially when you really need it?
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