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A financial analyst who blew the whistle on Bermuda-based Gerova Financial Services four years ago yesterday said he felt “vindicated” now that seven men were last month charged in the US in connection with an alleged $16 million fraud involving the ...

The Bermuda Police Service is warning of a scam from fraudsters pretending to be from Microsoft Windows. Unknown callers have been targeting residents offering help with glitches they claim are affecting their home computers. They attempt to gain inf...

A get-rich-quick scam has been slammed by Island consumer watchdogs. The scheme purports to feature an interview with a Bermudian woman who makes $7,000-$8,000 a week in a home survey programme and appears on a realistic news-style website. But the s...

Two Bermuda-registered companies have been named in a complaint document filed by US regulators surrounding an alleged $100 million fraud. The Securities and Exchange Commission (SEC) claims that traders mostly based in the Ukraine used a string of c...

A cyberattack on Arnold’s supermarket has led to customers’ cards being used in fraudulent transactions, it was revealed last night. The shock news came after Arnold’s store chain chief Frank Arnold said the banker HSBC had alerted the firm to a raid...

A HSBC customer believes he has been the victim of a bank machine skimming attack after members of the public suffered a string of attacks earlier in the year. The customer said that he went to the ATM at Harrington Hundreds to withdraw money he had ...

A local man has described how he was targeted by a man posing as an operator for Microsoft as part of an ongoing scam. Ted Cassidy received a call to his landline last week from a male claiming to be Daniel Higgins informing him that he could check ...

HSBC is issuing new credit and debit cards to those who were affected by credit-card “skimming” this year, but denied rumours that there had been a second incident. Police announced in September that they were investigating an incident of skimming af...

This, our final article of ten in our Fraud Awareness Series, considers cheque fraud. Even though cheques are less common today, according to the Information Security Media Group, cheque fraud is estimated to be one of the top three frauds plaguing t...

This article, the ninth of ten in our Fraud Awareness Series considers cybersecurity, more specifically hacking. There are a number of different tools in the hacker’s toolbox, but this article will consider some of the most common and try to suggest...

Window dressing refers to a practice used by some companies to improve the appearance of financial information before the close of an accounting period and reporting to investors or creditors. There are many forms of window dressing, ranging from s...