May 7, 2019/US SEC The Securities and Exchange Commission today announced settled insider trading charges against a Nevada man who obtained confidential information about a pending corporate merger from a lifelong friend and used it to generate more than $250,000 in illicit trading profits. According to the SEC’s complaint, while […]
Frauds & Scandals
SEC Obtains Final Judgment Against Former Broker for Defrauding Customers
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 […]
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 […]
