News & Info

08 Oct, 2019 - 08 Oct, 2019

Check out our FREE workshop! Understand the key technicalities and rationale behind the recent downgrade in Lebanon’s Long-Term Foreign Currency Rating (from B- to CCC)

Billions Lost On These Trading Blunders

25 Sep, 2019

Japanese trading giant Mitsubishi said last week it booked a US$320 million loss after an unnamed rogue trader made unauthorized loss-making oil derivatives trades and allegedly manipulated the risk management system to disguise his actions.

Trader looks out of options after $5.8bn loss

05 Sep, 2019 - 05 Sep, 2019

Jerome Kerviel lost an attempt to blame Societe Generale for a massive trading loss that he was found guilty of causing at the bank as French investigators dismissed his demands for further probes, according to a person familiar with the matter.

How a $1.8 Billion Indian Bank Fraud Lasted Seven Years

03 Sep, 2019 - 03 Sep, 2019

The story of how India’s biggest bank fraud went undetected for seven years includes an $81 million cyber-heist in neighboring Bangladesh, penny-pinching lenders and a series of missed opportunities.

Live Well Financial’s Former CEO Charged With Bank Fraud

20 Aug, 2019

Three former executives of a collapsed reverse-mortgage company, including the founder and former CEO, have been charged in connection with a $141 million bond fraud scheme.

Disney Whistleblower Told SEC The Company Inflated Revenue For Years

19 Aug, 2019

A former Walt Disney Co. accountant says she has filed a series of whistleblower tips with the Securities and Exchange Commission alleging the company has materially overstated revenue for years.

Fraudsters selling non-existent drones

14 Mar, 2019

Online shopping websites are being utilised by fraudsters to advertise drones of various specifications for competitive prices which do not exist. Drones are personal flying devices that often carry cameras and can be navigated remotely by smart phones or controllers. Fraudsters are capitalising on their recent popularity and advertising non-existent drones lower than the recommended retail price to tempt buyers.

Lebanon judge charges man for forging NSSF seal

23 Oct, 2018

Lebanon's Financial Prosecutor Saturday charged a suspect accused of forging the seal of a National Fund for Social Security Fund (NSSF) secretary. The state-run National News Agency reported that the man, whose name was not identified, was referred by Judge Ali Ibrahim to Beirut Investigative Judge Ghassan Oweidat. No further details were given.

UK firms could face £122 billion in fines under new EU data protection rules

10 Oct, 2018

UK firms could face £122 billion in cyber security fines in 2018 under new EU data protection rules, according to new research. A report from the PCI Security Standards Council (PCI SSC) found that businesses face billions in fines if they do not improve their cyber security.

Malware waits for perfect moment to trick users into taking selfies with ID cards

14 Oct, 2016

A new type of Android malware is tricking users into handing over selfies featuring their ID cards, according to researchers. Experts from McAfee uncovered the sneaky malicious software, which runs in the background waiting for the right opportunity to ask users for sensitive data.

MTV boss fires back at Harb, Ogero

11 Oct, 2016

In his first interview since being charged in an internet scandal, MTV CEO Michel El Murr Monday issued a scathing attack on Ogero and the telecommunications minister as he defended himself and his company. “We are fighting on two fronts,” Murr told The Daily Star.

MTV boss charged over illegal internet

21 Sep, 2016

Lebanon’s financial prosecutor charged MTV Lebanon CEO Michel Gabriel Murr with embezzlement Tuesday, a judicial source told The Daily Star. The major local TV network chief was charged for his alleged involvement in running an illegal, unlicensed network in Zaarour in the highlands of the Metn district.

Google Chrome will start warning users about non-HTTPS sites from 2017

09 Sep, 2016

From the start of 2017, sites that do not use HTTPS risk being flagged as "not secure" by the browser's security features, the web giant has announced. Initially, this will only apply to sites that transmit passwords or credit card details over HTTP, but Google will eventually mark all HTTP sites as non-secure.

Fake Pokemon Go social media pages deliver adware, malware and more.

08 Sep, 2016

Pokemon Go players have been warned to watch out for fake social media pages delivering adware and malware. The game - which celebrated its 500 millionth download and was announced for Apple Watch this week - is wildly popular, and cyber criminals are looking to take advantage.

Using digital forensics to prevent intellectual property theft

05 Sep, 2016

Don't let departing employees leave with valuable intellectual property. Use digital forensics in daily workflows before they resign and in exit interviews to prevent IP theft rather than potentially be involved in litigation after they're gone.

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