A fake
takeover bid for Avon was filed with the SEC, causing a stir in the market and
a sharp rise in Avon's shares. At the same time, it highlights the possibility
that the filing system used by Wall Street is not that secure after all.
Thirty
minutes before noon last Thursday, a regulatory filing appeared on the website
of Securities and Exchange Commission detailing an offer from one PTG Capital
Partners to buy Avon for USD 18.75 per share.
The filing
caused such a stir that within several minutes, news wire services have
reported on...
Wednesday, May 20, 2015
Tuesday, May 5, 2015
Tips to avoid tax fraud
Reports
say tax fraud victims have lost around US$15 million to cybercriminals since
2013.
Fraudsters may come in many forms:
- They
can pretend to be an Internal Revenue
Service (IRS) agent, who tricked their victims into paying thousands of
dollars each through phone calls. Call recipients were threatened to pay up or
get charged.
- Some
often used malware such as Trojan spyware, banking Trojans or remote access
tools (RTAs) to gain access to potential victims’ computers or bank accounts.
- And
the brazen ones present themselves...
