Tag: pump-and-dump

New digital pump-and-dump schemes targeting brokerages

New digital pump-and-dump schemes targeting brokerages

Written by on February 15, 2017 in News with 0 Comments

HONG KONG (Reuters) – Hong Kong police are struggling to deal with digital pump-and-dump schemes targeting brokerages – a little-known type of computer-generated fraud that surged in the Chinese territory last year. Although the money involved was small – only about $20 million worth of shares – there were 81 such incidents reported in 2016, […]

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Hackers for Hire – a burgeoning new business?

Hackers for Hire – a burgeoning new business?

Written by on November 16, 2015 in News with 0 Comments

NEW YORK/SAN FRANCISCO (Reuters) – When U.S. prosecutors this week charged two Israelis and an American fugitive with raking in hundreds of millions of dollars in one of the largest and most complex cases of cyber fraud ever exposed, they also provided an unusual look into the burgeoning industry of criminal hackers for hire. The […]

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