by admin | Jul 17, 2020 | News & Analysis
ASIC has charged businessman and former federal MP Clive Palmer with fraud, relating to two payments worth more than $12m. The fraud and corporate misconduct offences carry lengthy prison sentences and were over the alleged diversion of at least $10m to the benefit of...
by admin | Jul 17, 2020 | News & Analysis
A Twitter breach allowed hackers to tweet a Bitcoin spam message from high profile accounts such as Elon Musk, Jeff Bezos and Bill Gates to all their followers. They posted a double-your-money bitcoin scam, alongside a bitcoin wallet code for people to drop their...
by admin | Jul 16, 2020 | News & Analysis
ASIC is concerned at the number of transactional criminals who can be based anywhere in the world. They are capable of switching off a particular scam quickly, if they discover law enforcement bodies across the globe have discovered it....
by admin | Jul 13, 2020 | News & Analysis
ASIC’s chief enforcer has promised to expedite its investigation into Westpac’s handling of alleged money laundering breaches, as a similar investigation into Commonwealth Bank, drags on three years after the scandal was first made public. The investigations...
by admin | Jul 13, 2020 | News & Analysis
The “large-scale shift” to digital banking and remote work off the back of the COVID-19 crisis, has heightened the banking sector’s exposure to cyber-attack, with wire fraud transfer remaining the most common. Cyber risk awareness programs and mitigation measures are...
by admin | Jul 13, 2020 | News & Analysis
Ramon Abbas, lavish lifestyle was funded by hacking schemes that stole millions of dollars from major companies in the United States and Europe. It is alleged that he led a global network that used computer intrusions, business email compromise schemes and money...
