fraud

Apple, Google drop trading apps after Australian intervention

The country’s securities regulator said it made the request to Apple and Google after numerous cases of fraud involving unlicensed operators of the apps, which encourage consumers to make bets on whether instruments like shares or currencies will rise or fall. While some are legitimate operations, there has been an explosion in unlicensed products operating »

OCC warns of heightened operational risk threats

The US Office of the Comptroller of Currency (OCC) warns of continuing elevated operational risk in its Semiannual Risk Perspective. The US regulator put special emphasis on business e-mail compromise (BEC), a type of cyber attack which has resulted in: “More than $2.3 billion in losses across all businesses, from October 2013 through February 2016, »

BAE Systems blog details Bangladesh malware

Security specialist BAE Systems published blog on Monday April 25th revealing extensive details, including code, of the malware it says was used to hide traces of fraudulent payments by the gang that stole $81m from the Bangladesh central bank last February. According to the blog, authored by BAE Systems security analyst Sergei Shevchenko, the malware was »