fraud

New guidelines on authorised push fee fraud within the UK – Tech Cyber Internet

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Yesterday was a giant day for UK customers when the brand new guidelines on compensating victims of authorised push fee fraud (APP fraud) got here into power. APP fraud is when customers are tricked into sending cash to the fraudster. It could occur in varied methods, e.g. by way of impersonation fraud, romance fraud or … Read more

Aon’s White Rock sues China Building Financial institution for damages over Vesttoo collateral fraud – Tech Cyber Internet

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Aon’s White Rock sues China Building Financial institution for damages over Vesttoo collateral fraud – Tech Cyber Internet

Aon’s segregated accounts firm White Rock Insurance coverage (SAC) Ltd. has filed a lawsuit in New York in opposition to China Building Financial institution, alleging an “inside man” on the financial institution had represented that letters of credit score (LOC) concerned within the Vesttoo fraud have been genuine, and claiming a minimal $140 million in … Read more

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