Headlines on Tap

 

 

Curated by Dev Odedra.

 

 

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Don't say that: 

Defer when you mean differ

Do say this: 

Differ when you mean defer

Wells Fargo & Co and its subsidiary Wells Fargo Bank, N.A, have escaped prosecution, at least for the time being, by agreeing to hand over USD3,000 million to various agencies and departments of the US Government. It all started when the company decided it needed more account holders. Normal banks advertise or put young people on the streets with flyers. Wells Fargo had a different and shorter route - it would just create accounts for people, even if they hadn't asked for them. And that's not the full extent of what the bank is paying.

BIScom Subsection: 

The racism arising from the perceived risk of corona-virus is becoming worrying. A woman using the Instagram name of _neleele_ (the underlines are part of the name) is mounting a one-woman campaign against Chinese people.

Libel, fake news, downright racism is fine, says Facebook owned Instagram. And Change.Org is no help, either.

Read this from the investigative reporting team at the Australian Broadcasting Corporation.

Don't skip. And think while you read (or listen to the podcast if you prefer)

https://www.abc.net.au/radionational/programs/backgroundbriefing/inside-the-staggering-tax-scam-where-the-homeless-are-made-comp/11963044

FCRO Subsection: 

Greetings,

I hope my email will arrive to you at good time. My name is Sufian Allaw
from Damascus Syria. I was the former oil minister of Syria Republic.

FCRO Subsection: 

You'd think that marketing people that make specific assertions in their material would ensure that those assertions are true.

Meet PapaWP which uses a .org address (it's not an "organisation" in the sense that .org addresses are supposed to represent). And that's not its only failure.

CoNet Section: 

Russian criminals are offering a service of downloading entire websites and breaching the intellectual property rights of website content owners.

But that's not the only fascinating thing about the criminals' approach.

Basically, they are selling the rod and line to phishermen.

Want to create a fake bank website complete with contact forms? Here's how....

A warning from Vortex Centrum Limited, publisher of PleaseBeInformed.com and its various publications.

CoNet Section: 

As the novel coronavirus bug bites, everywhere from restaurants to shops to hotels are suffering from a downturn in business.

But, as these photos show, the one place one would expect to see concentrations of travellers are deserted, too.

CoNet Section: 

It's 5:30 pm on a Friday. You want to go to the pub. Your boss sticks his head over the top of your cubicle "Big client; important matter, urgent - can you handle it?"

CoNet Section: 

The mail looks very real - but obviously isn't as this publication doesn't bank with Standard Chartered. But what arrived in one of our inboxes a few minutes ago is a very active threat.

BIScom Subsection: 

Some years ago, we asked a question : how come a new team with no track record can get sponsorship from major corporations when more established teams, with a track record, struggle?

Now, by a roundabout way, that question might be under investigation by anti-corruption authorities in several countries.

Oh, good grief. Surely God doesn't have much to do with this idiot.

FCRO Subsection: 

A deferred prosecution is a device used by prosecutors to allow suspected criminals to buy what amounts to a judicially approved arrangement to avoid prosecution so long as the accused meets certain conditions for a certain period of time. Critics (of which this newspaper is one) see it as a bribe; supporters see it as a way of compelling the accused to do whatever it is that the prosecuting authority wants. Developed in the USA, there is a global move towards adoption of this tactic. The former head of the UK's Serious Fraud Office was a fan; he's been replaced by an American who has been immersed in this system. How's it going?

Seriously: if there is a way to stuff up, it seems as if FinTech giant PayPal is working hard to implement it. Here's the "Virtual Agent." Remember: this is, at its heart, a tech company.

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