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FBI hits major ransomware operator – 29 January 2021

by admin | Jan 29, 2021 | News & Analysis

An alleged member of the ransomware group (Netwalker) behind the attacks on Toll Holdings and legal services firm ‘Law In Order’, has been charged by US authorities as the group’s dark net website was seized by police....

JobKeeper payments for prisoners, the dead and other fraud cases probed by ATO – 29 January 2021

by admin | Jan 29, 2021 | News & Analysis

Employers claiming JobKeeper on behalf of fictitious employees are being pursued by an ATO investigation. Documents obtained using a freedom of information (FOI) application show that, by the end of September, the ATO was investigating 5,974 cases of “inflated...

Bonuses, director deals in spotlight amid CEO sacking spat – 28 January 2021

by admin | Jan 28, 2021 | News & Analysis

The chief executive of Australia’s biggest smash repairer, AMA, faced sacking over allegations about him pocketing expense claims and bonuses without approval....

‘Bogus’ bond scams luring millions: ASIC – 28 January 2021

by admin | Jan 28, 2021 | News & Analysis

ASIC has warmed that imposters are offering bogus high-yield bond fund opportunities with fake prospectuses. The scammers state that the bonds are issued by “prominent financial services firms” before directing their targets to pay funds into a bank account –...

Two men extradited from Australia to United States over alleged $64 million scheme – 28 January 2021

by admin | Jan 28, 2021 | News & Analysis

Michael Pearse and Yongchao Liu have been extradited to the United States from Australia, to face charges over their alleged roles in a scheme to swindle hundreds of thousands of mobile phone users, out of more than 64.6 million. They allegedly used a practice called...
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