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ASIC acting outside powers in adviser investigations – 10 June 2020

by admin | Jun 10, 2020 | News & Analysis

Hamilton Blackstone Lawyers has accused ASIC of inappropriate use of its investigatory powers when seeking incriminating information from advisers. They believe ASIC conducts functions outside its powers or without proper process” to gain information....

COVID-19: Malicious emails are driving a cyber-crime pandemic – 9 June 2020

by admin | Jun 9, 2020 | News & Analysis

A cybersecurity expert details how fraudsters are using the Covid-19 pandemic to undertake Business Email Compromise (BEC) attacks on companies directly, via customers, HR departments, suppliers, related accountants, law firms, and even tax authorities....

US bank whistleblower gets to take home $72 million – 6 June 2020

by admin | Jun 6, 2020 | News & Analysis

A whistleblower tipped-off the US Securities and Exchange Commission about a currency manipulation scheme at the Bank of New York. The bank was accused of giving pension funds less-than-desirable exchange rates, helping the bank make massive profits from the...

Rental scam: Hopeful tenant distraught after losing bond, rent in scam involving Geelong house – 6 June 2020

by admin | Jun 6, 2020 | News & Analysis

A man signed a fake lease and transferred $1600 to the scammers for the bond and two weeks’ rent for a property, he had earlier inspected through a real estate agency....

New phishing campaign disguises malware as CV attachments – 4 June 2020

by admin | Jun 4, 2020 | News & Analysis

Fake emails with subject line ‘applying for a job’ are being sent to workplace email addresses. Once open the malware attempts to hijack private information, credentials from users from passwords and cookies stored in web browsers. Attackers can then exploit these...

ATO launches legal action against accounting giant PwC, meat processor JBS – 4 June 2020

by admin | Jun 4, 2020 | News & Analysis

The Australian Tax Office has launched legal action against accounting giant PwC and meat processing firm JBS in an escalation of its ongoing conflict with the ‘big four’ firm over tax avoidance. The ATO believes accounting firms excessively using ‘legal...
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