Security loophole sees ‘Eftpos bandits’ steal thousands. – 5 September 2018

by admin | Sep 5, 2018 | News & Analysis

A group of alleged Eftpos bandits are taking advantage of a security loophole in the machines to rip off shops for thousands of dollars with stolen credit cards....

A new and more efficient payments system will be a magnet for fraud. Here’s how to prepare – 5 September 2018

by admin | Sep 5, 2018 | News & Analysis

The launch of a New Payments Platform, owned by both the banks and Reserve Bank, will make payments instant. It isn’t yet fully adopted, but when it is it’ll allow any financial institution to transfer money from any of its accounts to any other account...

Canberra mum-of-two accused of fraud ‘spent $30k using fake accounts’ – 4 September 2018

by admin | Sep 4, 2018 | News & Analysis

A Canberra woman accused of setting up fake bank, health insurance and phone accounts and using them to rack up tens-of-thousands of dollars in expenses is now facing 16 additional counts of fraud. She used the names of strangers and her ex-partner to create phone...

Study: Cryptocurrency exchanges are making basic security mistakes – 30 August 2018

by admin | Aug 30, 2018 | News & Analysis

An analysis of some of the world’s top cryptocurrency exchanges, by cybersecurity researcher Dr Vidy Potdar, has found that many of them are still making some relatively basic security mistakes. The most basic errors still being made were lax password policies...

How your business can jump on new “PayPal for cryptocurrency” solution – 30 August 2018

by admin | Aug 30, 2018 | News & Analysis

‘Paid By Coins’ is set to dramatically shake up the crypto sector by finally giving Aussie’s some options when it comes to using Bitcoin, Ethereum and the multitude of other coins out there. It’s the paypal for cryptocurrency. This system is going to be big news for...