Financial crimes

Major hedge funds targeted in wave of attempted cyberattacks

Cybersecurity breaches on Wall Street have surged over the past year, as artificial intelligence tools help bad actors launch attacks relatively cheaply and broadly.

British man jailed for claiming late mother’s benefits while keeping her body in freezer

Phillips also admitted to fraud after he received about £78,000 in benefits and pension payments after his mother’s death.

Customer data from India’s Bank of Baroda leaked online, source and researcher say

The leaked data includes customer details, identification documents, loan papers and internal audit records.

Swiss court orders fresh ruling for whistleblowers in multi-billion fraud case

The three men were convicted in 2019 of charges including banking espionage and violating banking secrecy, a verdict that was overturned on appeal in 2021.

India probe into stolen donations tests trust in temple finances

A probe into donations allegedly siphoned off at India’s grand Ram temple in 2026 has renewed scrutiny of how religious sites manage billions of cash and gold entrusted to them by devotees.

Man walks free after facing charge over $2.4m in illegal money transfers

US SEC probes alleged insider trades involving Futu, Tiger Brokers

The scope and stage of the SEC’s probe weren’t immediately clear and the regulator’s reviews can end without any enforcement action being taken.

US firm says it lost millions to insider trading ahead of China crackdown on Futu, Tiger Brokers

Susquehanna says it lost more than US$70 million in one of the largest insider-trading schemes in recent memory.

Bangladesh sentences Singaporean tycoon for financial crime; his lawyers say he was not charged

S Alam Group founder and chairman Saiful Alam Masud and 10 associates were sentenced in Chattogram, Bangladesh, in May.

‘They said I had to appear in court’: How scammers exploit fear, urgency to target victims

Experts say scammers manipulate human emotions and behavioural biases to pressure victims into acting quickly.

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MDDI (P) 046/10/2025. Published by SPH Media Limited, Co. Regn. No.202120748H. Copyright © 2026 SPH Media Limited. All rights reserved.