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ASIC to fast-track Westpac probe, prepares for wave of wind-ups – 13 July 2020

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...

COVID heightening bank vulnerability to cyber attack – 13 July 2020

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...

Rich Instagram user arrested after posts reveal where money allegedly came from – 13 July 2020

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...

Google says it’s banning ads from ‘stalkerware’ services that allow people to spy on and track others – 11 July 2020

by admin | Jul 11, 2020 | News & Analysis

In August, Google is barring ads from “stalkerware” services that allow people to spy and track others through their phones without their consent. Ads will no longer be allowed from companies promoting GPS trackers designed to spy on people or surveillance equipment...

When the government prosecutes whistleblowers, it is sending a message – 11 July 2020

by admin | Jul 11, 2020 | News & Analysis

The opinion in this article states that Australian Democracy is threatened, if the coalition government continues to prosecute whistleblowers, lawyers and journalists who have exposed wrongdoing, secrets and practices, which damage or embarrass the government and its...

Facial recognition technology is expanding rapidly across Australia. Are our laws keeping pace? – 10 July 2020

by admin | Jul 10, 2020 | News & Analysis

With the spread of facial recognition technology Australia and other democratic countries, there are important questions about the legal implications of scanning, storing and sharing facial images. This is particularly important when it comes to private operators....
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