T he corporate watchdog is suing multinational banking giant HSBC over a scam that netted $23 million, alleging it failed to protect 950 Australian customers from a long-running "spoofing" scam.

Victims have been receiving contradictory messages from HSBC, with the bank telling them that “scams are growing ever more complex and sophisticated” but at the same time also saying that they ...

While these scam messages might appear legitimate at first, there are ways to spot the scam. 1. Message from an unknown number. Most organisations protect their 'Sender ID' so text messages should be ...

HSBC issues warning over new scam in which customers are tricked into handing over thousands to criminals. By RYAN PROSSER . Published: 13:58 EDT, 4 November 2024 | Updated: 14:18 EDT, 4 November 2024 ...

HSBC has previously said it had improved its fraud and scam prevention systems, including increasing SMS warnings for customers making payments of more than $500, limiting payments to some ...

HSBC's Australian unit is being sued by the country's securities watchdog agency for failing to protect local customers from scams, resulting in A$23 million (US$14.65 million) of losses. The ...

Over at least 10 months in 2023 and 2024, fraudsters were able to infiltrate genuine text message chains from HSBC to make victims believe their accounts had been compromised and scare them into ...

London – A finance firm backed by several influential Wall Street investors collapsed last week after HSBC Holdings discovered some of the company’s transactions may have been fraudulent.. The ...

Australia’s corporate watchdog is suing the local unit of HSBC Holdings over allegations that the bank failed to protect customers from criminal scams.

The corporate watchdog is suing multinational banking giant HSBC over a scam that netted $23 million, alleging it failed to protect 950 Australian customers from a long-running "spoofing" scam.