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SOFTWARE LICENSING FRAUD
Fake call centre targeting US citizens bustedKarnataka Cyber Command has busted fake call centers in Bengaluru impersonating a US accounting firm, Intuit QuickBooks. Two individuals we...- Profit on paper, loss in reality: How a routine accounting tool is used to deceive and take investors for a rideAmortisation is a number most investors skip, but it can shape reported profit. On the surface, it looks routine: A company spreads the cos...
- US cracks down on North Korean-backed fraud ring that netted millions in crypto and cashThe US government has cracked down on a North Korean fraud ring, indicting over a dozen individuals, including Zhenxing “Danny” Wang from N...
- Online payment aggregators focus on anti-fraud tech to up revenuesFacing intense competition and pricing pressures in the core payments business, large payment aggregators in India, such as PayU, Razorpay ...
- Nalin Negi is new BharatPe CEO; Namma Yatri’s cabs playFintech firm BharatPe has elevated its interim CEO Nalin Negi as the company’s full-time chief executive officer. This and more in today's ...
- Companies rush for cyber insurance on data laws, digitisationGenerally higher claims and lack of strong IT systems for SMEs is causing insurers to be wary about offering these products actively.
- Tired of call drops? Expect better quality service from telcos as Trai seeks to tighten rulesThe Telecom Regulatory Authority of India (Trai) is considering imposing strict financial penalties on telecom companies that fail to meet ...
- RBI penalises Bihar State Co-op Bank Rs 60.20 lakh for various shortcomingsThe Reserve Bank of India (RBI) has imposed penalties on several banks for various violations. The Bihar State Co-operative Bank has been f...
- RBI penalises Bihar State Co-op Bank Rs 60.20 lakh for various shortcomingsThe RBI also announced a monetary penalty of Rs 6 lakh on Jowai Cooperative Urban Bank Limited, Meghalaya for deficiencies in regulatory co...
- Australia mulls tougher cybersecurity laws after data breachCybersecurity Minister Clare O'Neil told Australian Broadcasting Corp. the hack was an "unprecedented theft of consumer information in Aust...
- CEO of 19 firms charged with selling fake Cisco devices worth $1 billionA federal grand jury in the District of New Jersey charged Onur Aksoy of Miami with running a massive operation over many years to sell fra...
- Bit Index AI: Scam or legit?Bit Index AI is a trading robot that can help you find the best entry and exit prices through its artificial intelligence technology. The b...
- Uber concealed hack that exposed 57 million people's dataThis week, the ride-hailing firm ousted its chief security officer and one of his deputies for their roles in keeping the hack under wraps,...
- EY launches automated tool for licence managementConsulting firm EY's Fraud Investigation and Dispute Services has launched an automated tool, EY SAPPHIRE, to help clients maintain complia...
- Banks likely to spend more on IT this year: ForecastIndian banking and securities companies will spend Rs 49,900 crore on IT products and services in 2015, an increase of 9.8% year-on-year.
- Chinese man guilty of $100 million hi-tech software piracyThe US has dismantled one of the most significant cases of copyright infringement ever in the country with a Chinese man pleading guilty to...
- Microsoft's European Union antitrust probe nears endMicrosoft Corp’s decade-long struggle against a EU antitrust probe that led to more than $2.1 billion in fines will enter its final phase o...
- Fake licences: DGCA to tighten the selection process for pilotsDGCA has drawn up measures to tighten the selection process for pilots flying scheduled airlines to check the menace of fake licences which...
- Moser Baer forays into information and web security solutionsOptical storage manufacturer Moser Baer India (MBIL) on Thursday announced its entry into the information and web security segment.
- Prabhat Goyal found guilty of securities fraudFormer McAfee Chief Financial Officer, Prabhat Goyal, was found guilty by a San Francisco jury of fudging accounting to hide losses and pum...
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