Banking royal commission publishes a decade of banking’s dirty laundry – 7 November 2018

by admin | Nov 7, 2018 | News & Analysis

A decade of banking’s dirtiest laundry has been aired after the Hayne royal commission published summaries of misconduct stretching back 10 years, revealing disturbing new incidents of fraud, overcharging, theft, privacy breaches, assault and sexual harassment....

Chinese authorities use ‘gait’ surveillance to identify people by their body shape and walk – 6 November 2018

by admin | Nov 6, 2018 | News & Analysis

Chinese authorities have begun deploying a new surveillance tool called “gait recognition” software. It uses people’s body shapes and how they walk to identify them, even when their faces are hidden from cameras. China’s artificial intelligence...

Corporate wrongdoers are let off the hook under Trump – 4 November 2018

by admin | Nov 4, 2018 | News & Analysis

In the final months of the Obama administration, US giant Walmart had to pay nearly $US1 billion and accept a guilty plea to resolve a foreign bribery investigation. Barclays, faced demands that it pay nearly $US7 billion to settle civil claims, and the Royal Bank of...

Surveillance state: NSW intensifies citizen tracking – 4 November 2018

by admin | Nov 4, 2018 | News & Analysis

NSW police and crime agencies are preparing to use a new national facial recognition system, to rapidly match pictures of people captured on CCTV with their driver’s licence photo. Under new laws the federal and state governments will be able to access data and...

ASIC seizes assets of an investment firm that has raised millions and is being sued for fraud in the US – 2 November 2018

by admin | Nov 2, 2018 | News & Analysis

ASIC has obtained a court order to freeze the assets of Goldsky Asset Management and its founder, Ken Grace.The regulator alleges that Grace operated an unlicensed financial services company which raised $16 million from over 50 investors. ASIC then alleged that...