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This article was written in partnership with Daniel Woodhouse, Wouter Veugelen, Natasha Passley and Cameron Morse of FTI Consulting. Ransomware and data extortion attacks
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By Sophia Dourou ( July 16, 2025, 4:34 PM BST) — The Insovency Service on Wednesday announced an expansion of its enforcement remit in order to play a more prominent role in the fight against corporate crime….
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A New York bankruptcy judge on Thursday extended U.S. recognition to the insolvency proceedings of Brazilian sugar producer and distributor Virgolino de Oliveira SA after hearing the company has won approval…
Srinagar, Jul 16: The desperate plea of an elderly man losing over Rs 1 crore to online betting has exposed a growing crisis quietly destroying families across Kashmir, where a simple mobile game is driving people to financial ruin.
The viral video that surfaced Tuesday shows a man with a trembling voice begging for help after falling victim to what locals call the “aircraft game” — a deceptively simple betting platform where players watch a virtual plane take off and must cash out before it crashes.
“I kept thinking I could recover my losses in the next round,” the man said, his eyes reflecting weeks of sleepless nights. “But instead, I kept falling deeper into the pit.”
Bruno Mars attracted attention on social media after sharing a light-hearted message on Instagram following a surprise appearance with Blackpink’s Rosé in Los Angeles. The post has reignited speculation surrounding longstanding rumours that the singer is repaying an alleged $50 million in gambling losses reportedly incurred at Las Vegas casinos. While the post has triggered fresh speculation, there is no official confirmation of the claims.
Rumours of gambling debt
Over the past year, rumours have circulated suggesting that Bruno Mars owes $50 million in gambling debts. According to unnamed sources, the musician is believed to have suffered significant losses at MGM’s casinos in Las Vegas.
From his teenage years through his military career, Andy Gallie has been dealing with gambling addiction, which he has been able to navigate and overcome by focusing his efforts on raising awareness for the issue.
One Man Who Realized Gambling Was His One True Love – and Who Changed That
However, his journey into addiction was not necessarily and entirely self-inflicted, as gambling was prevalent. On the army base where he served, there were between 40 and 50 fruit machines that “normalized gambling.”
Gallie recounted a familiar tale of gambling becoming his “true love” and only purpose, with the man spending multiple hours gambling every day, and shunning responsibility and social…
IN the past month, I have observed two seemingly unrelated developments in the country.
First is the news that the national debt-to-income levels have almost doubled in the past three years; and second, that online gambling has increased.
It is no coincidence that these two issues are rising at the same time. The circumstances have been brewing since the pandemic lockdowns.
This is a result of many factors, some of them quite remarkable from a financial market access standpoint, which have contributed to this unfortunate convergence of events.
A recent report from Singapore-based fintech firm Roshi Pte. Ltd indicated that credit card debt in the Philippines has reached a “critical” risk level. Salary-based…
Ransomware and data extortion attacks are unfortunately becoming increasingly common (see for example, high-profile attacks on Canva[1], Latitude Financial[2] and recently the Legal Practice Board of Western Australia).[3] These attacks typically involve a party (commonly referred to as a ‘threat actor’) accessing and encrypting a company’s systems, and/or exfiltrating (stealing) personal and commercially sensitive information from the company. The threat actor then threatens to destroy the key that would otherwise decrypt the impacted system(s), and/or release the exfiltrated data publicly…
