Keep up-to-date with what's happening in banking and financial services across the Asia-Pacific. Banking News contains a wrap-up of the week's key news and events, and is delivered direct to your inbox. If you wish to be added to our distribution list, simply click on the subscribe button and complete a short subscription form.
(16 February 2010 – New Zealand) Fraudulent activity in New Zealand businesses soared in the second half of 2009, rising from NZ$22 million to NZ$76 million, according to KPMG’s six monthly fraud survey.
(5 February 2010 – USA) Cyberthieves are advertising online for contractors that are willing to take a malicious code and link it to something consumers will click on; paying around US$180 (A$204) for each 1000 times their malware is downloaded as a result.
(4 February 2010 – Global) Consumers banking security is in danger of phishing attacks, after online security firm Trusteer revealed that 73 percent of bank customers re-use their online banking password to access at least one other, less sensitive website.
(2 February 2010 – UK) An employee of HSBC has been jailed for two years for stealing £32,000 (A$57,000) from a man who perished in the London bombings.
(28 January 2010 – New Zealand) A former investment banker from New Zealand bank ASB, will next week admit to stealing nearly NZ$18 million (A$14 million) from 30 of the bank’s wealthy customers.
(27 January 2010 – Australia) Commonwealth Bank of Australia has made the move to reduce some of its customers’ card limits after skimming threats surfaced.
(27 January 2010 – Australia) Consumer advocacy group, CHOICE, has called upon credit card providers to employ fair methods when charging interest, after a survey of 20 providers revealed that unfair and harsh tactics were being used to boost bottom lines.
(25 January 2010 – USA) Five financial institutions have filed a class action lawsuit against two acquiring banks involved in the Heartland Payment Systems data breach, the largest data breach in history, claiming they also share responsibility for the damages.
Subscribe
