By Alison DeNisco Rayome for Tech Republic 

Microsoft Office documents packed with malicious macros are the most common malware loader of the past month, accounting for 45% of all delivery mechanisms analysed, according to a Thursday report from Cofense.

Office Macros were followed in popularity by CVE-2017-11882, malicious batch scripts, malicious PowerShell scripts, and WSC downloaders, the report found.

This demonstrates that threat actors tend to leverage tried-and-tested delivery mechanisms, the report noted. Macros may have a low barrier to entry, but they are not used only by immature or low-impact cybercriminals: Malware delivered via macros is among the worst in today’s threat landscape, including Geodo, Chanitor, AZORult, and GandCrab, according to the report.

Macros remain a popular email attachment method of delivering a malicious payload because they are typically enabled on a machine, or easily allowed with a single mouse click, the report noted—making it very easy to launch the first stage of an attack. When used this way, macros are embedded Visual Basic scripts that are often used to download or directly execute further payloads.

The Microsoft Office Macro feature could be enabled by default in your organisation’s IT environment, according to the report. When this is the case, a user may not receive any warning that something is wrong upon opening a malicious document. Even when an organisation has some kind of protection in place—such as a security warning at the top of the document—it can often be dismissed with just one click, or may be ignored by the user.

IT departments can protect their organisation from macros by disabling them enterprise-wide, the report said. However, many businesses rely on macros for their legitimate usage, in which case IT may want to consider enacting a blanket policy of blocking documents at the gateway, or, perhaps more realistically, combining different policies such as blocking or grey-listing documents coming from unknown senders. Security education is also key, the report said.

The big takeaways for tech leaders

  • Microsoft Office documents packed with malicious macros are the most common malware loader of the past month, accounting for 45% of all delivery mechanisms.
  • Malware delivered via macros is among the worst in today’s threat landscape, including Geodo, Chanitor, AZORult, and GandCrab.

By Luke Daniel for The South African 

Embattled state owned enterprises (SOEs) are South Africa’s biggest and most dangerous economic stumbling blocks.

This is according to the international rating agency, Moody’s, which points to Eskom’s major failings as a cause for national concern.

State owned enterprises all performing dismally
While speaking at the Investor Service’s conference on Thursday, the agency’s senior credit officer for infrastructure finance, Helen Francis, outlined the dire position most SOEs find themselves in.

The massive financial drain perpetuated by failing SOEs has been well documented. Eskom, in particular, has reported over R19bn in irregular expenditure and continues to rely on government bailouts to stay afloat.

Worrying, Eskom is undoubtedly the largest and most vital SOE – supplying 90% of South Africa with electricity.

Yet, the embattled national power supplier just can’t seem to get back on its feet, following Gupta interference involving former company boss, Brian Molefe. Recently, the company issued an ominous statement, bemoaning the fact that its coal reserves were dwindling as a result of dodgy tenders.

Looking across the entire SOE spectrum paints a dismal picture. It’s not just Eskom that is dying, and in that way draining the already unsteady economy of vital funds. Transnet, South African Airways (SAA), the South African Broadcasting Corporation, and many more national companies are failing to make ends meet.

Corruption still plaguing SOEs
Speaking to Fin24, Futuregrowth Asset Management’s, Olga Constantatos, said that turning the situation around would not be easy and that much more needs to be done.

Constantatos commented on the disease of corruption and gross mismanagement which afflicts both Eskom and Transnet, saying:

“Much more needs to happen. The latest results at Transnet and Eskom point to the circumventing of controls – with Eskom’s R20 billion in irregular expenditure and Transnet’s R8bn. We need to see prosecutions. We need to see arrests of people who were stealing money essentially from you and me.”

Constantatos added that there needs to be stiffer repercussion for SOEs which flout due process, and as such, essentially, steal from the taxpayer and investors, saying:

“As bond investors, we are custodians of the nation’s pension funds. We should not be allocating capital to institutions where there is malfeasance, or lend blindly to companies that are not responsible.”

By Andile Sicetsha for The South African

The South African Police Service’s (SAPS) cybercrime unit has been forced to drop investigations into hundreds of cases because software licenses have not been paid.

A report in the Sunday Times revealed that investigations into organised crimes, hacking and EFT scams have been halted due to expired software licenses for equipment used to decode and interpret cellphone data.

Other forensic capabilities have also been hindered by this. Data that would’ve been vital in the trial of alleged Islamic State members, Aslam Del Vecchio and Fatima Patel, is not available because of this.

Earlier this year, a service provider appointed by the State Information Technology Agency (SITA) threatened to halt essential services due to lack of payment, and the parliamentary portfolio committee on police said several police and SITA agreements were major security risks.

Speaking to the Sunday Times, a source with knowledge of the cybercrime unit’s operations said the police were migrating from technology that could be used in the field to a solution which tied officers to their desks.

In the past, investigators used a system called Cellebrite Touch. This was a device that could be used to interpret cellphone data in the field. It was quick and efficient.

This time, however, it seems that the unit has been moved to a desktop system, meaning that there would be a larger gap in turnaround times, and in this form of crime, time is everything.

Craig Pederson, the head of digital forensics at Computer Guyz, expressed the importance of the work conducted by the cybercrime unit.

“We live in an age where technology is used broadly and plays a definite role in many of the more serious crimes. The unit is a vital link in the complex task of collecting evidence”, Pederson stated.

Brenda Muridili, the SAPS’ spokesperson, could only state that the police would not be commenting on the issue.

“We are not able to disclose any information with regard to covertly required IT solutions”, she said.

By Tom Schoenberg, Greg Farrell and Matt Robinson for Fin24 

All it took to draw the US Justice Department into investigating Tesla was a single tweet by chairperson Elon Musk. But now that prosecutors have a toehold, they can dig in to look for other signs of misconduct at the electric-car maker.

The investigation is in its very early stages and where it leads is anyone’s guess. Many securities fraud probes over the years have started with a bang like the one that knocked as much as 6.6% off Tesla’s shares with Bloomberg’s report of the probe on Tuesday.

Some of those are flash news reports that trickle off without charges. At the other extreme are companies like Theranos, which pumped up its valuation with what the government said were false promises, leading to charges against founder Elizabeth Holmes and another senior executive.

“Criminal investigations are never good if you’re a public company because they open up a Pandora’s box and prosecutors will follow threads wherever they lead,” said Paul Pelletier, a former Justice Department prosecutor.

Tesla co-operating

Tesla said it’s co-operating with the Justice Department, noting that it received queries but no subpoena. The initial scrutiny surrounds Musk’s tweet on August 7 that he had money lined up to take the company private. Shares jumped. Later, he and his board said there was no formal proposal for the funding and they abandoned the plan.

The Securities and Exchange Commission quickly opened a civil investigation into the tweet and issued a subpoena for information, people familiar with the matter told Bloomberg.That was followed by the Justice Department probe. Neither the SEC nor federal prosecutors have accused Musk of any wrongdoing.

To prove criminal securities fraud, prosecutors would have to show not only that Musk’s statements were false, but that they were made willfully. That would require establishing that Musk purposely planned to inappropriately drive the shares higher or prevent them from going lower.

One area investigators would look for such evidence is in emails or other internal documents, according to former federal prosecutors.

Musk has often vented his frustrations with short sellers on social media. In May, Musk tweeted that he was expecting the “short burn of the century” and suggested that investors who were betting against the company start “tiptoeing quietly to the exit …”

The “funding secured” tweet did in fact trip up bearish sellers when the company’s shares rallied more than 10%. Government investigators will be trying to determine whether there was any connection to that statement and his desire to hurt short sellers.

Once federal prosecutors begin looking into Musk’s comments, they may also examine other things, including why the company’s new chief accountant picked up and left after just a month on the job – though he said at the time he had “no disagreements with Tesla’s leadership or its financial reporting.”

Under securities fraud laws, prosecutors could go back five years and more if they find evidence of a conspiracy.

Very often what starts out as an investigation of one subject takes a completely different turn, said Michael Koenig, who prosecuted former Qwest CEO Joseph Nacchio for insider trading.

‘Wait a minute’

“When we were investigating Qwest, we initially thought there were accounting fraud and revenue recognition type issues,” said Koenig, now a partner at Hinckley, Allen & Snyder. “As we started digging into it, however, we realised, ‘Wait a minute. Joe Nacchio is selling large amounts of his stock at the same time he’s telling the general public that the company is doing great, when he knew it was not.’”

Nacchio served four years and five months in prison after his 2007 conviction in the case.

A more recent example, according to Koenig, is the Hillary Clinton email investigation, which was reopened by the FBI after agents came across possible undiscovered evidence while investigating former New York congressman Anthony Weiner for sexting with a minor.

The lack of a subpoena from the Justice Department doesn’t mean its investigation is limited, according to Pelletier. Prosecutors can piggyback on the SEC’s subpoena to get a hold of whatever information Tesla discloses, obviating the need to issue a grand jury subpoena of its own, he said.

“That’s the normal course of action when the SEC has already issued a subpoena,” Pelletier said.

The SEC already was investigating whether Musk’s vehicle production forecasts misled investors before the regulator started scrutinising whether he had secured funding for a Tesla buyout, Bloomberg News reported on August 9.

Some of Musk’s predictions have been way off. Musk said during a May 2016 earnings call that, during the second half of 2017, he expected Tesla would produce 100 000 to 200 000 Model 3 sedans – the lower-priced car that’s pivotal to the company generating profit. Tesla ended up building fewer than 3 000 Model 3s in last year’s second half.

The Justice Department’s interest in Tesla isn’t good for investors, who saw the company’s share price drop just after the investigation was revealed. But the probe doesn’t mean that Palo Alto, California-based Tesla will go the way of Theranos.

Unlike Theranos, Tesla manufactures popular automobiles. While the SEC and the Justice Department might find that the company and some of its executives exaggerated Tesla’s financial performance, government officials would probably be hesitant to inflict a critical blow on a company that employs more than 35 000 people globally.

The nature and depth of any exaggerations by Tesla will ultimately determine how the company is treated.

If Musk’s conduct at Tesla is deemed to be a case where the CEO’s unregulated passion led him to hyperbolic claims, the resulting penalties are likely to be serious, but measured. But if evidence emerges that a win-at-all-costs mentality from the top led some executives to cook the books, the penalties could be severe.

Did the banks collude with the Guptas?

Source: The Citizen 

The EFF has criticised South Africa’s major banks, calling them opportunistic and hypocritical “in their testimony given to the state capture inquiry”.

Standard Bank’s retired head of legal testified at the inquiry on Monday giving reasons that led the bank deciding to close the business accounts of the controversial Gupta family.

Former FirstRand Group – which First National Bank (FNB) is a division of – chief executive officer (CEO) Johan Burger is testifying at the commission today.

“These banks were very happy to do business with the Guptas until the unceremonious December 2015 removal of Nhlanhla Nene as finance minister when South African stocks were severely devalued,” the EFF said in a statement.

The red berets added that by the time of Nene’s axing, the Guptas and former president Jacob Zuma – who are commonly referred to as the Zuptas – were already carrying out corrupt activities “facilitated by the very same banks”.

The EFF said: “It is impossible that the banks only started to notice the suspicious transactions of the Guptas and their companies in 2016 as they now want us to believe.

“The truth is that these banks colluded in the looting of the country for as long as it was feeding into their profit maximisation motives and greed. These are the only driving forces behind the commercial banks. For them, it’s profit before people and the country.”

The party said it hopes the chair of the commission Deputy Chief Justice Raymond Zondo would not be fooled by the testimony of the banks.

“We call on the South African Reserve Bank (Sarb) and the Financial Intelligence Centre to launch a separate probe into the complicity of South African banks in the Gupta state capture and why they turned a blind eye towards an obviously suspicious transactions before 2016 and to hold them accountable for their part in state capture,” the EFF said.

The party added that if the Sarb fails to institute such a probe the party would take it upon itself to initiate a parliamentary probe into the matter.

Meanwhile, Burger testified on Tuesday that FNB had closed the accounts of the Guptas due to associated reputational and business risks.

By Luke Daniel for The South African

The Sunday Times has dropped a bombshell, exposing a secret plot to overthrow President Cyril Ramaphosa, spearheaded by Jacob Zuma and his cohorts.

According to the report, the ruling African National Congress (ANC) is doing everything in its power to downplay the allegations, as some party members deny their involvement and others do damage control.

It’s alleged that Zuma has held a number of covert conferences with his ANC allies. According to sources within the party, battle plans are being drawn for a presidential overthrow.

Who is team Zuma?
Former president Zuma has some staunch allies within the part – most of them high-ranking officials, with the power to seriously disrupt the status-quo. The report alleges that two meetings took place in Durban last week. Below is a list of those who are said to have been in attendance.

Former President Jacob Zuma
The man with the plan, Msholozi himself – sources within the ANC claim that Zuma is the mastermind behind the fight back and that his political supporters have been brought together to enact a presidential coup. A top ANC executive, who wished to remain anonymous, said:

“Zuma has a grudge… because of his removal. That is why he is always in the public eye. He’s not campaigning for the ANC, but against the ANC. He’s campaigning to the extent of not sleeping. He attends every function, funeral and church service – to make sure he’s in the public eye.”

ANC Secretary General Ace Magashule
Ace Magashule was elected Secretary General at the ANC’s 2017 National Conference. Magashule has always been a part of team Zuma – his leadership position seen as a trade-off for Ramaphosa’s presidency.

No stranger to controversy, the former Free State premiere has been embroiled in the dubious Vrede dairy project. This connects him directly to the infamous Gupta family, and to the broader issue of state-capture.

Supra Mahumapelo
President Jacob Zuma with North West Premier Supra Mahumapelo at the National Day of Reconciliation celebrations under the theme “Bridging the Divide towards a non-racial society” at Gopane in the North West Province.
The former premier of the North West province, Supra Mahumapelo, almost singlehandedly, managed to collapse local government under his tenure. The province was hit by a wave of service delivery protests, state coffers were looted, and the province was eventually placed under national administration.

Mahumapelo, like Magashule, is a fierce Zuma loyalist and is said to play an integral role in Zuma’s political resurgence.

Meokgo Matuba
The presence of the Women’s League (ANCWL) secretary-general, Meokgo Matuba, is unsurprising. The ANCWL has always been a firm supporter of former president Zuma. Under the tenure of Bathabile Dlamini, the Women’s League has defended Zuma through his presidential ousting and court appearances.

Thanduxolo Sabelo
The ANC Youth League (ANCYL) KwaZulu-Natal secretary, Thanduxolo Sabelo, is expected to take charge of the organisation’s national administration at the next elective conference.

Sabelo, who has overwhelming support in KwaZulu-Natal will likely replace Collen Maine as the league’s president.

Dudu Myeni
South African Airways (SAA), is in a shambles, largely thanks to former board chairperson Dudu Myeni. The National Treasury has accused her of botching a multimillion-rand funding deal. The disgraced former chairperson is also implicated in the Gupta saga and is under fire for her role in state capture.

Myeni is a close friend of Zuma, with many political adversaries citing her appointment to SAA’s board as a direct influence of the former president.

Zuma meetings exposed
According to the Sunday Times, two meetings took place last week in Durban.

The first meeting, on Wednesday, was attended by Magashule, Mahumapelo and Myeni; it was held at the Beverley Hills Hotel in Umhlanga Rocks.

On Thursday, all players involved, including Zuma, convened at the Maharani hotel in Durban.

Deny, deny, deny
While all parties accused of attending these clandestine meetings have denied their involvement, several ANC executives confirmed the allegations.

KwaZulu-Natal Premier, Senzo Mchunu, said he was aware of the meetings but directed any further questions to Magashule.

ANC KwaZulu-Natal chairperson, Sihle Zikalala, argued that no formal meeting between Zuma and Magashule had been scheduled.

ANC NEC member, Enoch Godongwana, maintained that while he wasn’t aware of any secret meetings, a clandestine conference involving Magashule would be cause for concern, saying:

“I don’t know about the meeting. I don’t know about its purpose. Maybe they were meeting for a birthday party. But if [it was a secret meeting] then it’s a problem because the office of the Secretary General is supposed to be respected. It’s supposed to unite us. If it becomes involved [in such meetings] then it’s worrying.”

ANCYL executive, Sabelo, confirmed that he met Magashule, but argued that it was a chance encounter with no erroneous undertones.

Yet, denial falls flat before evidence held by the Sunday Times. A photograph showing Magashule, Mahumapelo, Matuba and Zuma gathered at the Maharani hotel has been published for all the world to see.

Team Zuma: Battleplan
While clandestine meetings are, by nature, designed to conceal plans, part insiders report that the group supporting Zuma are aiming to challenge the results of last year’s ANC National Conference. The outcome of which led to Ramaphosa becoming the country’s president.

It’s reported that the pro-Zuma faction is taking the legal route; arguing that the Nasrec conference was marred by voting irregularities relating to branch meetings and illegitimate delegates.

An ANC insider confirmed that Zuma’s battle plan is due to emanate from the North West, saying:

“We have been told about this serious fightback… the one way they are considering is the alternative political party that was formed. Then there is a fight to go to court and take that route. But the real purpose is to disrupt the momentum we are getting before election.”

The official response
The ANC Women’s League issued a statement saying it was “not surprised by the false story in Sunday Times by Qaanitah Hunter and Jeff Wicks”, adding: “We support freedom of media and believes that journalists must be independent voices, however we will not be silent when Qaanitah and Jeff peddles lies that there are plans to outs President Ramaphosa and portrays former President Jacob Zuma as an enemy that should be alienated by members of the organization.

“It might not be far from the truth that Qaanitah and Jeff are advancing interests of local or international forces that seeks to projects the ANC as unstable organization and by extension the government being unstable.”

Later, the party issued an official statement calling the story “shameless gossip”.

This years crime stats show alarming trends

By Andile Sicetsha for The South African

The nation is abuzz on Tuesday after the South African Police Service announced, on Twitter, that it would be publishing the country’s crime stats for the period of 2017/2018.

This year has already seen a marked increased in violent crimes like cash-in-transit heists and child murders and abductions.

Police Minister, Bheki Cele, addressed the media at the Imbizo Room in Parliament, Cape Town, and as much as there is quite enough to be worried about, the stats also saw a decrease in marked areas of concern.

Crimes that have increased
South Africa has seen a 1 320 increase in murders, from 19 016 in 2016/2017 to 20 336 in 2017/2018. An average of 57 people are killed a day in the country, 46 of which are men, eight women and two children. This shows an increase from the average of 52 murder deaths a day in 206/2017.
The murder rate is up by 6.9% in 2017/2018.
Attempted murder also saw a slight 0.2% increase from 18 205 in 2016/2017 to 18 205 in 2017/2018.
Cash-in-transit heists are up to 238 in 2017/2018, from 152 last year and 137 in 2015.
Western Cape still sits highest on the list of crimes reported at police stations. Nyanga remains the most notorious area in the country, infamous for its gang violence, while Gauteng has seen a marked increase in taxi violence.
The murders of women and children have also seen a notable increase, up by 146 reported cases.
291 more women have been murdered in this period, 291 more than last year, with 117 boys and 29 girls.
Crimes committed on farms have been released but there is no indication whether or not this shows an increase or a decrease.
62 farm murders have been reported for this year; 33 house robberies, six attempted murders, two reported rape cases, two cases of stock theft, two robberies with a firearm, one carjacking incident and one reported kidnapping.

Crimes that have decreased
Robbery with aggravating circumstances dropped by 1.8% to 138 364 this year from 140 956 in 2016/2017.
Common robbery also saw a notable decrease of 5% from 53 418 in 2016/2017 to 50 730 in 2017/2018.
Assault with intent to inflict grievous bodily harm went down by 1.9%, from 170 616 in 2016/2017 to 167 352 in 2017/2018.
Common assault cases also dropped by 0.1% in 2017/2018 to 156 243, from 156 450.
The most notable crime numbers
The most notable changes that we have seen so far are the marked increases in crimes related to cash-in-transit heists, murders, The Western Cape’s persisting problem with gang violence, the increase in crimes against women and children, and of course, farm murders.

Cash-in-transit heists
It was revealed that CIT heists are up by 0.7% this year. Meaning that 76 more incidents have occurred this year alone. Cele has made this one of his primary concerns this year.

Although very recently, the SAPS appeared to be winning the battle against CIT syndicates, the numbers are not looking good.

Western Cape’s ongoing battle with gang violence
In the murder category, Nyanga police station came up on top of the list where most murder cases were reported in 2017/2018.

Compared to the period of April 2016 and March 2017, where 281 cases were reported, the period of 2017/2018 saw an increase of 9.6%.

27 more murder cases were reported at this station and most of them have been attributed to the growing problem of gang violence in the province.

Crimes against women and children
This stat will probably affect South Africans the most. As much as many organisations tried to bring this problem to the forefront with protests and ongoing discussions of violence against women and children in the public forum, the numbers were up by 146 reported cases in 2017/2018.

Farm murders
Much of the controversy that surrounds this stat is based on the reported number of farm killings that have been perpetuated by organisations like AfriForum.

According to the crime stats, 62 reported farm killings have occurred in 2017/2018.

Cash-in-transit heists cost SA R1bn

By Kyle Cowan for News24 

More than R1bn has been “lost” as a result of cash-in-transit robberies in the eight years between 2008 and 2016, according to the Directorate for Priority Crime Investigation (DPCI).

The DPCI, or the Hawks as they are more commonly known, granted a Public Access to Information Application (PAIA) lodged by News24, providing a five-page document that is apparently part of a presentation on cash-in-transit robberies.

According to the document, the highest cash losses were reported in 2014, a total of R213.9m and R187.7m in 2016.

“A total of R 1 071 430 410 cash amount was lost to the illicit market for the period under review,” the document reads.

It also provides a year-by-year breakdown of the various types of robberies committed.

Cross-pavement robberies were the highest reported with 1 163 incidents in the same period, followed by robberies on retail premises at 606 incidents.

Vehicle-on-road incidents total 180 in this period.

Military precision

“CIT (cash-in-transit) robbery networks are highly organised, well-resourced and operate with military precision,” the document states.

“CIT networks can form and dissolve according to the nature of the mission they are undertaking.”

The document adds that the cash-in-transit networks are usually orchestrated by a mastermind, or kingpin. The heists are usually planned well in advance and mostly rely on insider information.

“CIT robbery networks are loosely structured, dynamic and flexible networks as opposed to the traditional structured or hierarchical mafia-type groups. Except for the mastermind and a couple of trusted confidantes that may be repeatedly involved, the foot soldiers will rarely be repeatedly involved in every CIT robbery,” it continues.

It also details that, according to circumstantial evidence, cash-in-transit robbery networks in South Africa operate on a national level and a few groups or networks are responsible for the majority of cash-in-transit robbery incidents throughout the country.

Irresponsible disclosure

CEO of the South African Banking Risk Information Centre Kalyani Pillay told News24 the institution works closely with the Hawks and its statistics on record were similar to those presented to News24 by the Hawks.

“Unfortunately, we do not disclose losses as they are subject to rigorous audits so that they can be sued in an aggravation of sentence. This means that the values are subject to change, depending on the outcome of the audit,” Pillay said.

“In addition, we believe it is irresponsible to disclose losses, as it only serves to stimulate the criminal’s appetite to perpetuate this type of crime,” she added.

At the time of writing the Hawks had not respocfnded to detailed questions over whether it had the necessary resources to deal with the cash-in-transit robbery networks its own background document referenced.

10 tips to avoid a smash-and-grab

A smash-and-grab incident plays on the elements of speed and surprise. The opportunists usually smash through the car window on the passenger side while the car is stationary or stuck in slow moving traffic. The sudden shock causes a few moments of silent paralysis for the motorists and this gives them just enough time to grab something of value like a jacket, handbag or a laptop before they flee the scene.

Be alert when you are driving alone and follow these tips to ensure you don’t become a victim of a smash-and-grab incident.

1. Be alert. Criminals tend to target those that are distracted – usually on their phones or smoking a cigarette. Women drivers are also more at risk and should be particularly vigilant when stopping at traffic lights.

2. Put away your valuables. When thieves can see valuables from outside the vehicle, you are definitely a target. Make sure you don’t have purses, handbags, sunglasses, laptop bags, mobile phones, MP3 players and tablets lying on the passenger seat or in plain sight. Stow your belongings in the boot before you get into the car.

3. Always keep all doors locked.

4. Keeping windows very slightly open makes them more difficult to break. If your windows are struck by a spark plug, having them slightly open will provide more resilience. Don’t open your windows or talk to street vendors at intersections.

5. Be vigilant. People loitering at intersections, particularly if there are no businesses in the immediate surroundings, are suspicious.

6. When driving at night, try driving in the middle lane as criminals tend to hide in the bushes/grass next to the side lanes. When approaching traffic lights, slow down and try to reach it only as it turns green. If that isn’t possible, stop at a distance from the light as this will give you room to move.

7. If you see any obstacles in the road such as rocks or tyres do not get out of your car to move them. Rather, turn around and drive away. Opportunists may be waiting for you to get out to steal your vehicle or its contents.

8. Leave a vehicle length between you and the car in front of you to give you room for an emergency escape.

9. Some areas are notorious for smash-and-grab incidents. Be particularly careful whenever you see broken glass lying on the road – chances are that a smash-and-grab happened recently.

10. You can fit your window with protective smash-and-grab film, which is usually tinted so that no one can see into the car, while also preventing the windows from shattering. Although smash-and-grab film won’t prevent incidents from taking place, it will give you a few extra minutes to compose yourself and drive away.

By Bryan Smith for Coin Insider 

Eran Eyal, a South African-educated technology entrepreneur who now lives in the US, is facing criminal charges in the New York for allegedly stealing more than US$600 000 from investors.

According to a new release from New York Attorney General Barbara Underwood, South African Eran Eyal – former CEO of Springleap and incumbent CEO of Shopin – has formally been charged with fraudulently soliciting investors, making false representations, and for computer crimes during his tenure with the former company.

Underwood’s statement outlines that Eyal allegedly stole as much as $600,000 USD from investors by ‘fraudulently soliciting investors’ to ‘purchase convertible notes through false representations of his company.’

In a statement to the press, Underwood outlined that “As we allege, this massive securities fraud scheme bilked investors out of hundreds of thousands of dollars… Defrauding New Yorkers through false representations and fabrications about a business will not be tolerated by my office – and we’ll continue to do what it takes to root out and prosecute securities fraud.”

Springleap – a global crowdsourcing company – has now been alleged to have made false representations about its management team and pool of professionals, and fabricated the existence of several senior staff members and an Advisory Board.

Further, Underwood’s office cites that Springleap’s community of over 180,000 creative professionals was fabricated by means of hiring a ‘freelance computer hacker to web-scrape computer data from a legitimate online portfolio website in order to obtain pedigree information for creative professionals to falsely inflate his existing list’.

In cryptocurrency circles, Eyal serves as the CEO and founder of Shopin – a platform touting itself as the “world’s first decentralized shopper profile built on the blockchain.”

Shopin concluded its private pre-sale on January 27th this year, reportedly raising as much as $10 million USD. The platform claims to have raked in $32.5 million USD through its public pre-sale on March 30th, and apparently concluded its token generation event with a total of $42.5 million USD.

Eyal faces no charges for his activities or role with Shopin.

As Underwood’s office outlines, Eyal presently faces three counts of Grand Larceny in the Second Degree, one count of Grand Larceny in the Third Degree, one count of Unlawful Duplication of Computer Related Material in the First Degree, one count of Criminal Possession of Computer Related Material), one count of Scheme to Defraud in the First Degree, and four counts of Securities Fraud under the Martin Act. If convicted, Eyal would face between five to fifteen years in prison.

Eyal has not made public comment since the announcement of his indictment, while Shopin itself has not issued public word on the charges laid against its CEO at press time.

         

           

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