Frauds

Airtel CEO Gopal Vittal has warned its customers against the increased number of cyber frauds in India due to a massive growth of online transactions amid the spread of COVID-19 cases. The executive emailed a letter to Airtel subscribers in India to inform them of the two major ways the fraudsters are targeting individuals these days. In one way, Vittal said that the fraudsters call customers pretending to be Airtel employees and dupe them. He added that in another way, cyber frauds are taking place while the customers…

WASHINGTON—The Securities and Exchange Commission will boost the size of its special unit devoted to investigating cryptocurrency frauds and other misconduct, a move that follows the agency’s aggressive push to get the unregulated industry to come under federal supervision. The SEC said it plans to add 20 investigators and litigators to its Crypto Assets and Cyber Unit, which was created in September 2017 when regulators noticed a surge of new digital coins sold to the public. The…