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Tag: Red Flags

Bank Reconciliation Statement: Definition, Purpose & Process

What is a Bank Reconciliation StatementBank reconciliation is the process that ensures that a company's recorded cash balances align with the funds in their...

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Sky Mavis, YGG Clarify Position on Plots Finance | BitPinas

Jeff Zirlin, co-founder of Sky Mavis, alerted the Ronin community to an airdrop campaign by Plots Finance, affirming no connection between Sky Mavis and...

COSMIC Platform Goes Live in Singapore to Combat Financial Crime – Fintech Singapore

by Fintech News Singapore April 1, 2024 The Monetary Authority of Singapore (MAS) has officially rolled out the COSMIC platform, a digital initiative aimed at bolstering...

Dogwifhat climbs to third in memecoin market cap

Dogwifhat (WIF), a memecoin based on the Solana blockchain, has claimed the third spot in market capitalization rankings among memecoins. WIF now has a market...

US, UK Probe $20B Crypto Transfers Linked to Russian Exchange

Authorities from the US and the UK are investigating cryptocurrency transactions passing through Russian exchanges. Recent revelations suggest that over $20 billion in crypto transfers have...

Portugal Temporarily Halts Worldcoin’s Biometric Data Collection

Portugal's data regulator, CNPD, has ordered Worldcoin to cease collecting biometric data in the country for 90 days, citing concerns over users' data protection rights. ...

Borrower beware: How to avoid being scammed when looking for a loan

Scams Personal loan scams prey on your financial vulnerability and might even trap...

Rescoms rides waves of AceCryptor spam

Last year ESET published a blogpost about AceCryptor – one of the most popular and prevalent cryptors-as-a-service (CaaS) operating since 2016. For H1 2023...

Solana Meme Coin Presales Have Raised $150 Million—What Could Go Wrong? – Decrypt

Some members of the Solana community have begun vocally pushing back against meme coin presales—an increasingly common, dubious practice that has seen crypto traders...

A prescription for privacy protection: Exercise caution when using a mobile health app

Privacy Given the unhealthy data-collection habits of some mHealth apps, you’re well advised...

Consumers, Financial Institutions & Fraudsters: The Good, the Bad and the Ugly of Fraud

In the digital age, the younger generation finds itself increasingly targeted by fraudsters and falling prey to various scams. A recent TD Bank report revealed alarming...

ESG in Finance: How to unleash innovation through precision data management

Environmental, Social, and Governance (ESG) reporting has evolved beyond just compliance, emerging as a catalyst for innovation and competitive advantage. Financial institutions now incorporate...

Meet ‘XHelper,’ the All-in-One Android App for Global Money Laundering

Cybercriminals are laundering stolen funds through ordinary people, thanks to a small ecosystem of user-friendly apps that can turn any mobile user into an...

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