bank fraud

India Investigating $90M Loan Fraud At IDBI Bank
India Investigating $90M Loan Fraud At IDBI Bank
April 27, 2018  |  Security & Fraud

India might be dealing with more illegal activity at a bank. This time, it’s an alleged 6 billion rupee ($90 million) case of loan fraud...

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Punjab National Bank Continues Internal Investigations Into $2B Diamond Heist Scandal
Punjab National Bank Continues Internal Investigations Into $2B Diamond Heist Scandal
April 12, 2018  |  International

India’s Punjab National Bank (PNB) is conducting an internal investigation into an alleged $2 billion fraud, vowing to come down on anyone involved in the...

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India Issues Warrants For Punjab Bank Heist Jewelers
India Issues Warrants For Punjab Bank Heist Jewelers
April 09, 2018  |  International

Non-bailable warrants have been issued for the two central figures in an alleged $2 billion scam at state-run Punjab National Bank (PNB). According to Reuters,...

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Philippine Central Bank Issues Alert After Cyberattack On Malaysian Bank
Philippine Central Bank Issues Alert After Cyberattack On Malaysian Bank
April 02, 2018  |  Safety and Security

The Philippine central bank is warning local financial institutions to be on the lookout for cyberattacks after the Malaysian central bank was hacked. According to...

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Indian PM Modi Criticized Over Photo With Alleged Fraudster
Indian PM Modi Criticized Over Photo With Alleged Fraudster
March 19, 2018  |  International

Indian Prime Minister Narendra Modi is in hot water after a photo surfaced of him with billionaire jeweler Nirav Modi, who is at the center...

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PNB’s Diamond Fraud Could Hit $2B In Cost
PNB’s Diamond Fraud Could Hit $2B In Cost
March 07, 2018  |  South Asia

The scandal surrounding India’s state-run Punjab National Bank (PNB) is getting bigger — in fact, a source says it could hit the $2 billion mark....

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Internal Auditor Charged In $2B India Bank Fraud Scandal
Internal Auditor Charged In $2B India Bank Fraud Scandal
March 02, 2018  |  Security & Fraud

An internal auditor at a Mumbai branch of Punjab National Bank is accused of conspiring with other officials to defraud the lender of $2 billion,...

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More Arrests In Punjab National Bank Diamond Fraud Case
More Arrests In Punjab National Bank Diamond Fraud Case
February 20, 2018  |  Security & Fraud

India’s police took more action in their investigation of the loan scam at Punjab National Bank (PNB), arresting three more employees of the bank. According...

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Brazilian Bank’s Online Ops Hijacked
Brazilian Bank’s Online Ops Hijacked
April 05, 2017  |  Security & Fraud

On Tuesday (April 4), Kaspersky Lab described how a group of hackers compromised a Brazilian bank’s operations top-to-bottom. The attack lasted for approximately three months last...

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