Frauds & Scandals

SIM Swap Fraud: A New Wave of Attacks Targeting Financial Services and Online Services in Africa

May 6, 2019/Kaspersky During Kaspersky Lab’s (www.Kaspersky.co.za) annual Cyber Security Weekend that took place in Cape Town, South Africa, Kaspersky Lab experts discussed the wide spread growth of mobile payments across the globe and the many cyber risks that surround such technology. Especially the recent SIM swap fraud wave, which […]

SEC Charges Sapphire Glass Manufacturer and Former CEO With Fraud

May 3, 2019/US SEC The Securities and Exchange Commission today charged a New Hampshire-based company and its former CEO with misleading investors about the company’s ability to supply “sapphire glass” for Apple’s iPhones. The company, GT Advanced Technologies Inc., also is found to have misclassified more than $300 million in […]

SEC Obtains Asset Freeze in Connection with Alleged Insider Trading

April 29, 2019/US SEC The Securities and Exchange Commission today announced the entry of an emergency court order freezing assets related to alleged insider trading that yielded approximately $2.5 million in profits in connection with the April 12, 2019 announcement that oil-and-gas conglomerate Chevron Corporation intended to acquire Anadarko Petroleum […]