by admin | Mar 28, 2019 | News & Analysis
The CEO of NAB (Phil Chronican) was questioned about how a $40 million fraud case went undetected for years, until a bank staff member blew the whistle. He said he was “distinctly unhappy” to learn of the alleged fraud and organisation needed much tighter...
by admin | Mar 25, 2019 | News & Analysis
National Australia Bank will scrap its controversial Introducer Program, in a bid to improve its reputation after the banking royal commission. NAB’s head of broker services Anthony Waldron admitted to the commission that the Introducer Program had breached...
by admin | Mar 22, 2019 | News & Analysis
A man says he scooped more than 200 Bitcoin over a period of four years, with many individual users losing in excess of $20,000 each. To do this he used “Typosquatting”, where websites look like the real thing, but are one or two letters (or characters) off the real...
by admin | Mar 22, 2019 | News & Analysis
Australia has comparatively high counterfeit rates for a smallish, largely domestically exchanged currency. With 40% of counterfeit notes being regarded as good to excellent quality fakes and technology advances, this is not expected to decline....
by admin | Mar 22, 2019 | News & Analysis
Mr Evaldas Rimasauskas faces up to 30 years in prison after admitting to his role in a scheme that duped Google and Facebook out of $169 million, by creating fake email addresses....
