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The true cost of financial crime isn’t financial – it’s personal
When fraud takes place, individuals lose money and it’s personal but investors are also affected because their returns in financial firms are reduced. Read more…
fraud
News
China arrests over 60 suspects abroad in online fraud crackdown
China has arrested 62 suspects abroad and seized $1.5 billion from 380 fraudulent peer-to-peer lending platforms as part of crackdown on online finance. Read more…
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Pacific Islands targeted by fraudsters hijacking phone numbers
Despite a number of efforts to counter the problem, number misappropriation is an ongoing issue worldwide, including for Pacific Island countries. Read more…
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Prepare now for risks associated with IoT and 5G, including fraud
Far-sighted management teams are now putting in place the policies and processes to mitigate the risks certain to come with IoT and 5G. Read more…
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Why the future of retail is not black and white
What we probably need is a better way of measuring whether retail is doing well or not so well and stop dividing it up between physical and online Read more…
Features
What are the biggest fraud threats in the gigabit era?
Over the past few years, analyst research has projected exponential growth in data, video, IoT devices and network connections – with the year 2020 being the key marker of adoption and growth. As the clock Read more…
Off the Wire
Online payment fraud to more than double by 2023: report
Annual online payment fraud losses from e-commerce, airline ticketing, money transfer and banking services will reach $48 billion by 2023; up from the $22 billion in losses projected for 2018, according to a new report Read more…
Views
Here’s how to avoid email phishing scams: stop using email
One result of getting your online credentials stolen may be fraudulent phishing emails pretending to be from a company you do business with. There are two ways said business can mitigate that: encrypt all their Read more…
Off the Wire
Myanmar cellcos help customers fight mobile phone scams
Myanmar’s four operators – MPT, Ooredoo, Telenor and Mytel – have teamed up to increase awareness of various types of telecommunications scams and educate mobile phone users in the country. While mobile phone usage has Read more…
Off the Wire
Mongolia’s G-Mobile enlists PCCW Global to fight SMS fraud
Mongolian mobile network operator G-Mobile has signed a services agreement with PCCW Global to utilize its A2P ValueMax solution to prevent SMS fraud, maximize SMS revenue and enhance the subscriber experience. Cellcos are victims of Read more…