After a shocking headline of GE's alleged financial fraud revealed by Harry Markopolo, now public and investors have to face another shocking report on entertainment and media tycoon, Walt Disney Co. Sandra Kuba, a former senior financial analyst of Walt Disney, has told US Securities and Exchange Commission (SEC) that Walt Disney...
To promote the Non-Cash National Movement (Gerakan Nasional Non Tunai/GNNT), the government through BI launched the Indonesian Standard Quick Response code (QRIS) on the Republic of Indonesia's Independence Day. Quoted from a press release Bank Indonesia’s Governor Perry Warjiyo said that QRIS carries the spirit of UNGGUL ('Universal, GampanG, Untung...
General Electric (GE) is suspected of committing fraud by falsifying the company's financial statements. This suspicion was revealed by renowned accounting expert Harry Markopolo, who had been a whistleblower of a mega fraud scandal Barnie Madoff. In a 175-page report that was published online, Markopolo and his team suspected GE of...
Internet Fraud Casebook: The World Wide Web of Deceit is a book that compiles real cases of internet frauds authored by real fraud investigators. Through handpicking and editing by Joseph T. Well, the compiled cases are relevant and easy to read. There are forty-one cases, including phishing, ID theft, counterfeiting, romance scam, and others....
Ad fraud is a new growing problem which is faced by marketers in Indonesia. The latest survey released by the Mobile Marketing Association (MMA) and Integral Ad Science (IAS) revealed that Indonesia is easy target for ad fraud. According to the data from IAS, Indonesia could lose up to US...
Commonly known as Business Email Compromise (BEC), email phishing attack is growing increasingly prevalent. According to the latest data released by the FBI, global losses caused by BEC reached 12 billion US dollars between October 2013 and May 2018. Therefore, companies need to be wary of BEC attacks. There are...
Cybercriminals always find breakthrough to defraud, steal money, and obtain data from their victims. Who would have thought this time they take advantage of the Google Calendar feature to launch their actions. How does the modus operandi work? First, the perpetrators sent blast invitations through Google Calendar to users. Through the...
Email is still a popular media for cybercriminals to defraud companies by phishing. Email phishing which targets a company is known as Email Business Compromise (BEC). BEC perpetrators send email while impersonating CEOs, vendors, or colleagues to deceive and lure recipients into wiring money or giving credential information. The most...
Among many cases of cybercrime, a case involving phishing is most discussed. Phishing is a classic fraud method which is conducted by exploiting humans' emotion and relationship. The perpetrators lure victims to hand over their credential information, such as name, address, telephone number, email, OTP code, access to the company's...
