Tag Archive for: FISH

$32k gone and $12k in debt: Woman falls for malware scam while buying fish online, Singapore News


Lured in by an advertisement for grouper fish fillets on Facebook, this woman had the misfortune of falling for a scam, hook, line and sinker.

A woman surnamed Qiu, 58, was contacted by a ‘salesperson’ through WhatsApp on Aug 25 after clicking on the advertisement, Shin Min Daily News reported on Friday (Sept 22).

Qiu was instructed to download an application called “Grab&Go” in order to place her order for the fish.

Although she had her suspicions at first, Qiu decided to go ahead with the ‘purchase’ when she realised the app didn’t ask for her bank information.

Instead, all it required was her name, address and mobile phone number.

That night, however, her phone was suddenly inoperable. She assumed it was out of battery, and tried charging it.

But when she did a routine check on her bank account two days later, Qiu discovered that she only had a few dollars left across three bank accounts.

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Additionally, she found herself some $12,200 in debt on two credit cards.

Qiu immediately reported this incident to the police and approached the bank for information – as it turned out, $32,287 had been withdrawn from her three accounts on Aug 25, she said.

One of the accounts is a joint account shared with her 16-year-old daughter, Qiu told Shin Min. That account now only has $3.06 left of the original $6,000.

“I had put my daughter’s ang bao money, scholarship money and so on in this account, which can then be used to repay my daughter’s insurance loan. 

“There are only four years left on the loan, so how can I bear to terminate it?”

Qiu also reportedly sought help from the Monetary Authority of Singapore.

However, she was told they had no way of helping her retrieve her money.

New variant of malware scams

In a press release by the police on Thursday, they announced their observation of a “new variant of malware scams”. 

Victims in this form of malware scam are contacted by ‘salespeople’ via messaging platforms such as WhatsApp and told to download an application.

Internet banking credentials can then be stolen via a keylogger in these applications, allowing scammers to access victims’ bank accounts and perform unauthorised transactions.

“In the…

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Webcam extortion, Michael Fish, and food foul-ups • Graham Cluley


Smashing Security podcast #276: Webcam extortion, Michael Fish, and food foul-ups

A browser extension bug let malicious websites spy on webcams, hackers threaten the global food supply chain, and Michael Fish (not that one…) hacked into his female classmates’ online accounts, hunting for nude photos and videos.

All this and much more is discussed in the latest edition of the award-winning “Smashing Security” podcast by computer security veterans Graham Cluley and Carole Theriault, joined this week by Mark Stockley.




Hosts:

Graham Cluley – @gcluley
Carole Theriault – @caroletheriault

Guest:

Mark Stockley – @markstockley

Show notes:

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Follow the show:

Follow the show on Twitter at @SmashinSecurity, on the Smashing Security subreddit, or visit our website for more episodes.

Remember: Subscribe on Apple Podcasts, or your favourite podcast app, to catch all of the episodes as they go live. Thanks for listening!

Warning: This podcast may contain nuts, adult themes, and…

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West African fish meal exports undermine food security: Greenpeace


Rising exports of fish meal and fish oil from West Africa to Europe and Asia are depriving millions of Africans of food, Greenpeace said Tuesday. 

In a report, the environmental group said that over half a million tonnes of fish used to produce fish meal and fish oil in the poor region could feed some 33 million people instead. 

Fish meal is made in factories dotted along the West African coast and is predominantly sold as feed for fish farms in the developed world. Fish oil serves a similar purpose. 

Much of West Africa’s fishing grounds are already overexploited and illegal fishing is a persistent problem.

Greenpeace said West Africa’s trade in fish meal and fish oil had grown tenfold between 2010 and 2019 — from about 13,000 tonnes to over 170,000 tonnes. 

Most fish oil and meal is exported to Europe and Asia.

The report cited “severe consequences for local populations”, explaining that the industry undermined food security across Mauritania, Senegal, The Gambia, Mali, and Burkina Faso.  

The main species used in the industry are small fish such as sardinella and bonga, which Greenpeace said constitute a vital source of animal protein for many in the region.

The group recommended that governments phase out fish oil and meal production from fish fit for human consumption, among other measures.  

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Nutter Bank Report: December 2020 | Nutter McClennen & Fish LLP


Headlines

  1. FDIC Modernizes Brokered Deposit Rule and Amends Interest Rate Restrictions
  2. CFPB Expands the Definition of a Qualified Mortgage for Truth in Lending Purposes
  3. FDIC Adopts New Rules Regulating Parent Companies of Insured Industrial Banks
  4. Joint Guidance on Fintech Due Diligence Requirements for Community Banks to Come
  5. Other Developments: LIBOR Transition, Branch Applications, and SAR Filing Requirements

1. FDIC Modernizes Brokered Deposit Rule and Amends Interest Rate Restrictions

The FDIC has adopted a final rule that establishes new standards for determining whether deposits made through certain kinds of arrangements with third parties qualify as brokered deposits, such as those between banks and financial technology (“fintech”) companies. The final rule approved on December 15 also amends the methodology for calculating the interest rate restrictions that apply to less than well capitalized banks by defining the “National Rate” as the weighted average of rates paid by all banks and credit unions on a given deposit product based on each institution’s market share of domestic deposits. The final rule includes an exclusion from the definition of a brokered deposit for deposits placed by a third party that has an exclusive deposit placement arrangement with one bank. The final rule identifies several, specific business relationships involving the placement of a customer’s funds on deposit at a bank by the agent of the customer as meeting the primary purpose exception—which applies to exclude a deposit from the definition of a brokered deposit when the primary purpose of the agent’s business relationship with its customers is not the placement of funds with banks. Such “designated exceptions” in the final rule include, among others, agents that place customer funds into Health Savings Accounts for the primary purpose of paying for or reimbursing qualified medical expenses, property management firms that place customer funds into deposit accounts for the primary purpose of providing property management services, and agents that place customer funds into deposit accounts for the primary purpose of providing mortgage servicing. The final rule allows…

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