May 6, 2019/US SEC On May 3, 2019, a federal district court entered a final consent judgment against a broker who was charged with defrauding customers by making unsuitable and unauthorized trades and churning customers’ accounts, which enriched the broker at the customers’ expense. The SEC’s complaint, filed in the […]
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 […]
