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Client data leaked at Citibank, Standard Chartered

SEOUL, April 10 (Yonhap) - Another data breach in South Korea has occurred at two foreign banks, with some of the leaked client information being circulated, financial authorities said Thursday. According to the authorities, data involving some 50,000 clients have been stolen from Citibank Korea Inc. and Standard Chartered Bank Korea. In December, personal data of some 130,000 customers of the two banks were also found to have been leaked.

How to swoop in and manage your parents' finances

(Corrects paragraph 15 to say LivHome is in 15 locations instead of 15 states, and that company "charges by the hour depending on what is needed" instead of "$135 an hour for ongoing care.") By Beth Pinsker NEW YORK (Reuters) - You get that call - all is not right with mom or dad. Suddenly, you have to step in and take over a life's worth of financial details.

How to swoop in and manage your parents' finances

By Beth Pinsker NEW YORK (Reuters) - You get that call - all is not right with mom or dad. Suddenly, you have to step in and take over a life's worth of financial details. For most people, this call comes too soon, before relatives have passed along key information about accounts and passwords, causing panic. But it's still a daunting task even for those who have planned ahead.

Gone phishing! Internet and social media scams rampant, says Competition Bureau

OTTAWA - Canada's competition watchdog is warning Canadians to be ever watchful for online scams that try to take advantage of the uninformed and the soft-hearted. The Competition Bureau says scammers are becoming more sophisticated in using the Internet to defraud Canadians of their money and personal information. As it issued that message Tuesday, the bureau itself said it may have been the target of would-be scam artists.

Millions of scam emails sent daily looking to scoop up personal information

MONTREAL - Digitally connected young Canadians have become regular targets of phishing scams — fraudsters trying to steal personal information for financial gain, according to a new survey by Visa Canada. The survey found that 92 per cent of respondents under age 35 confirmed they had been targeted by phishing scams for information such as bank accounts, passwords, card numbers and social insurance numbers.

Soaring numbers of Singaporean women fall prey to web love scams

Soaring numbers of Singaporeans -- mostly women -- are falling victim to "Internet love scams" police said in a Valentine's Day warning that criminals are exploiting lonely hearts increasingly turning to the web to find partners. The number of people robbed by online con artists faking romantic interest before tricking people out of money jumped 62 percent between 2012 and 2013, police said in an annual crime briefing. Official figures also show e-commerce rackets doubled to 509 in 2013.

Online financial frauds top 30,000 cases last year

SEOUL, Jan. 31 (Yonhap) -- The number of online financial scams in South Korea surpassed 30,000 in the first 10 months of last year, as scamming methods become increasingly diversified and sophisticated, the police said Friday. Four online financial scams such as SMishing, pharming, instant messenger phishing and memory hacking reached 32,060 cases in the January-October period of last year, the police said.

Online financial frauds top 30,000 cases last year

SEOUL, Jan. 31 (Yonhap) -- The number of online financial scams in South Korea surpassed 30,000 in the first 10 months of last year, as scamming methods become increasingly diversified and sophisticated, the police said Friday. Four online financial scams such as SMishing, pharming, instant messenger phishing and memory hacking reached 32,060 cases in the January-October period of last year, the police said.

Gov't to crack down harder on phone fraud schemes

SEOUL, Jan. 27 (Yonhap) -- The government is seeking to root out phone-based financial frauds amid rising public concerns that the personal data stolen in recent information thefts will be used by scammers, industry sources said Monday. According to the sources, the government and political parties are poised to pass a revised bill on personal data protection next month that strengthens requirements for short message service providers and strictly regulates data sharing among corporate affiliates.

Gov't to crack down harder on phone fraud schemes

SEOUL, Jan. 27 (Yonhap) -- The government is seeking to root out phone-based financial frauds amid rising public concerns that the personal data stolen in recent information thefts will be used by scammers, industry sources said Monday. According to the sources, the government and political parties are poised to pass a revised bill on personal data protection next month that strengthens requirements for short message service providers and strictly regulates data sharing among corporate affiliates.
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