Fraud

A new Development Ministry bill provides for the compensation of bank customers should they become victims of electronic fraud, such as the theft and use of their debit card PIN, even if this is due to their own negligence.

Istanbul police have caught the suspect wanted for 19 years on charges of embezzling $4.5 million and 500,000 pounds by getting his customers to sign blank receipts while working as a manager at a bank.

Serbian citizens are receiving scam emails again these days. After the Post Office, the National Bank of Serbia, and others, SBB internet and cable provider is now the phishing target.

Phishing is the most prevalent

Out of power but still very much in the public eye, former prime minister Andrej Babis will be in Prague's Municipal Court on Monday for the beginning of his eagerly anticipated fraud trial.

Montenegro was allegedly hit by the Cuba Ransomware gang, while online frauds and phishing scams occurred elsewhere throughout the region.

Two U.S. agencies fined Bank of America a total of $225 million on charges it wrongfully froze unemployment and other public benefit programs at the height of the COVID-19 pandemic.    

The Consumer Financial Protection Bureau imposed a $100 million penalty on Bank of America (BofA) for "botching" the disbursement of state unemployment programs during COVID-19, the agency said.    

Online reservation fraud has cost the tourism industry at least $2 million in nine months, said a cyber security expert.

"People turned to online shopping after the pandemic broke out, buying goods on e-commerce platforms. The technically e-commerce platforms were not fully ready for this and some of them fell victim to data theft," said Serhat Özdemir.

They thought their payments were untraceable. They couldn’t have been more wrong…

Always contact your bank if you believe you have been scammed