| | | Effective PR

Advance fee fraud scams go round and round. It's been a while since the "I was in government and I have a huge secret profit from over-invoicing" fraud came around but it's back and it's libelling the head of a central bank. Or, it would be if she hadn't died last year.

BIScom Subsection: 

As governments around the world ponder the possibility of making banks liable for losses suffered by customers who are the victims of e.g. phishing scams, there are companies that actively assist the fraudsters to get away with it. Let's start at the top: Google.

All the signs are here but central bankers are either in denial or doing exactly the wrong thing.

CoNet Section: 

Clearview AI Inc. is a company that collects facial images from a disparate range of sources and makes them available to its customers.

The UK's data protection department, the Information Commissioner's Office, has banned the practice within the UK. The UK acted in concert with the Office of the Australian Information Commissioner. The investigations focused on Clearview AI Inc’s use of people’s images, data scraping from the internet and the use of biometric data for facial recognition.

What effect might that have on remote verification?

FCRO Subsection: 

"Go back to the data." "The answer's in the data." "Data is the key".

Maybe.

Until it goes wrong.

FCRO Subsection: 

This week, Nigerian President Muhammadu Buhari has signed three Bills, bring them into law. Bucking the global trend to try to incorporate multiple aspects of financial crime law into a single piece of legislation, the new Acts are the Money Laundering (Prevention and Prohibition) Act, 2022, the Terrorism (Prevention and Prohibition) Act, 2022, and the Proceeds of Crime (Recovery and Management) Act, 2022. But the word of the day is "irony."

Don't say that: 

unwanted when you mean "unjustified"

Do say this: 

unwarranted when you mean, er, unwanted.

Watching American motor racing always smacks of a trick when, not long before the end, a safety car comes out and everyone bunches up. Why not just to five lap sprint races because at the end of the day, that's all the racing that counts. So when one hears a TV commentator at the inaugural Miami Grand Prix say that we need a safety car to spice things up, there's a horrible sinking feeling, and a sour taste after the safety-car led debacle in the Abu Dhabi GP 2021.

CoNet Section: 
Name of Crypto-asset (e.g. bitcoin, ripple) demanded by extortionist: 

bitcoin

GlobalKYC -Suspicious Wallet Number: 

1MW4maqRuqi62YiRNMaBiHT65WJJMEAvQw

"LAST & FINAL WARNING NOTICE" screams the headline with the target's email address added for good effect.

And it goes downhill from there.

Fake from address: Bar.Petermantle@Un.org
Reply address: Bar.Petermantle@yandex.com

FCRO Subsection: 

The Hong Kong Monetary Authority has issued a warning that customers of WeLab Bank are the target of a phishing scam. WeLab prides itself on being Hong Kong's "only home grown virtual bank." But it's more than a bank so the scam has potentially much wider implications.

BIScom Subsection: 

Those with long memories will remember the well-worn name of Andre Coker. It's been used in a variety of spam-scams but, at least insofar as it's reached us, been unused for some time. But it's back and Andre is a woman now.

Pages

1 2 3 4 5 6 7 8 9 next › last »