Australia’s Largest Pension Funds Stand Strong Against Coordinated Cyber Attacks Australia’s financial sector has recently been shaken by a series of coordinated cyber attacks targeting the country’s largest pension funds. These malicious attempts to breach the security of the pension funds have raised concerns about the safety of members’ personal and financial information. Despite the […]
RBI to introduce secure domain names to combat digital payment fraud
RBI to Introduce Secure Domain Names to Combat Digital Payment Fraud The Reserve Bank of India (RBI) is set to implement a groundbreaking initiative to enhance the security of digital payments in the country. In a bid to combat the rising threat of online payment fraud, the RBI will introduce secure domain names, managed by […]
The Dark Side of Crypto: Fraud and Money Laundering
Cryptocurrencies have revolutionized the way we view and conduct financial transactions. While their potential for innovation and efficiency is significant, the industry does not come without its drawbacks. The dark side of crypto, particularly regarding fraud and money laundering, poses serious challenges and risks for both users and regulatory bodies. In 2023, illicit transactions involving […]
TikTok 'Money Glitch' Sparks Legal Action Against JP Morgan
In a surprising turn of events, customers have exploited a TikTok trend known as the ‘infinite money glitch,’ leading JP Morgan Chase to initiate lawsuits targeting individuals and businesses accused of defrauding the bank. The trend involved depositing counterfeit cheques in a loophole that allowed users to withdraw funds before the cheques were deemed invalid, […]