On the one hand, many banks ask customers to justify what happened – how did they allow themselves to be conned of their cash? In many cases, customers still receive some money back from their bank. But all too often, they don’t. The alternative approach is simply to say: the […]
fraud
Serious Fraud Office told to gear up for onslaught of pandemic fraud
The pandemic could provide the catalyst for the prosecutor to launch more cases and improve its mixed performance during recent months. A record €991m (£895m) settlement with Airbus for “endemic” bribery was the largest of four such deals in the past year but the acquittal of all defendants in a long-running Barclays […]
Fraud attempts increase by a third as scammers run riot during lockdown
Fraud has surged in the wake of coronavirus as scammers have used the lockdown to target vulnerable individuals and make fraudulent financial applications under their name. Industry data, seen by Telegraph Money, shows that financial fraudsters have taken advantage of the pandemic to attempt to steal money. Financial fraud has […]
Luckin boss to face fraud charges in China: source
Lu Zhengyao, chairman of scandal-ridden Luckin Coffee Inc., is likely to face criminal charges in China after authorities discovered emails in which he instructed colleagues to commit fraud, a source close to domestic regulators told Caixin. China’s top market watchdog and the Ministry of Finance have found evidence that Luckin, […]
Luckin boss to face criminal charges in China for fraud: source
Lu Zhengyao, chairman of scandal-ridden Luckin Coffee Inc., is likely to face criminal charges in China after authorities discovered emails in which he instructed colleagues to commit fraud, a source close to domestic regulators told Caixin. China’s top market watchdog and Ministry of Finance have found evidence that Luckin, which […]
Luckin Coffee fires top executives over fraud scandal
NEW YORK — Luckin Coffee has removed its CEO Jenny Qian Zhiya and chief operating officer Liu Jian from their posts, the company said Tuesday, following a flight of investors and company insiders over a high-profile accounting scandal. The termination of the two C-suite executives, along with their resignation from Luckin’s board, comes a little over […]
Bad beans: Luckin fires top executives over fraud scandal
NEW YORK — Luckin Coffee has removed its CEO Jenny Qian Zhiya and chief operating officer Liu Jian from their posts, the company said Tuesday, following a flight of investors and company insiders over a high-profile accounting scandal. The termination of the two C-suite executives, along with their resignation from Luckin’s board, comes a little over […]
How to withstand ad fraud in the CTV environment
The following is a guest post from Anna Kuzmenko, COO at Fiksu DSP. Opinions are the author’s own. Lockdowns caused by the current COVID-19 pandemic have dramatically altered everyday life. This change reinforces the position of connected TV (CTV) and over-the-top (OTT) as primary means of entertainment for thousands of […]
Recent CTV ad fraud scheme could be biggest ever
Dive Brief: At its peak in January, a bot network scheme called Icebucket impersonated more than 2 million people and generated 1.9 billion ad requests — or 28% of total volume — on programmatic platforms for connected TV (CTV), per a blog post shared by White Ops with Marketing Dive. The cybersecurity and ad […]