Frauds & Scandals

Over a third of banking malware attacks in 2019 targeted corporate users

Banking Trojans or ‘bankers’ are one of the most widespread tools for cybercriminals as they focus on stealing money April 17, 2020/Kaspersky In 2019, 773,943 users of Kaspersky (www.Kaspersky.co.za) solutions globally were attacked by banking Trojans. Of those users, a third (35.1%) were in the corporate sector. African countries were […]

SEC Charges Texas Man and his Companies for Fraudulent Sale of Oil-and-Gas Investments

April 16, 2020/US SEC The Securities and Exchange Commission filed a complaint against Matthew S. Hilliard of Dallas, Texas, and three companies he controlled, alleging they raised approximately $10million by selling fraudulent oil-and-gas investments. According to the SEC’s complaint, from July 2015 to June 2019, Hilliard and his companies, Hilliard […]

Protect Your Bank Details; Don’t Get Scammed; UBA warns Customers

April 16, 2020/UBA Plc Pan African financial institution, United Bank for Africa (UBA) Plc, has called on its customers to exercise utmost caution in their banking transactions and ensure that they do not fall prey to any nefarious activities during the Coronavirus lock down period. Specifically, UBA has urged its […]