What the eFishery Case Can Teach Us About Fraud Prevention
The eFishery case has attracted significant attention across Southeast Asia and beyond. As one of Indonesia’s best-known technology companies, the allegations surrounding its financial reporting have generated discussion among investors, business owners and corporate governance professionals alike.
Business E-mail Compromise (BEC): A Continuing Threat to Businesses in Malaysia and Singapore
Recent reports from Singapore highlighted how sophisticated Business E-mail Compromise (BEC) scams continue to target businesses across the region. In one case, three teenagers were arrested for their alleged involvement in a scheme that deceived a US fund remitter into transferring approximately US$2.89 million (S$3.7 million) into corporate bank accounts set up specifically to receive the fraudulent proceeds.