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Black market in stolen card details becoming more user-friendly, leading to ‘explosion’ in fraud – 17 July 2019

by admin | Jul 17, 2019 | News & Analysis

Card-not-present fraud accounts for 85 per cent of card fraud in Australia. One woman’s Uber account is used worldwide in multiple transactions costing close to $1,500 An expert recommends the tokenisation of card details for recurring payments....

Young mum’s passport held over alleged $4.8m share scam – 17 July 2019

by admin | Jul 17, 2019 | News & Analysis

Jasmine Vella-Arpaci (Melbourne) has had her passport seized by the court and prevented from leaving Australia, over her alleged involvement in a blue-chip share scam, involving identity theft. The fraud has netted $2.44 million from unsuspecting victims and attempted...

Facebook cryptocurrency won’t go ahead without full government approval – 16 July 2019

by admin | Jul 16, 2019 | News & Analysis

Facebook will be defending its new cryptocurrency ‘Libra’ before Congress, due to concerns of criminal misuse. The company will need to navigate government regulation and oversight, existing government-backed currencies, criminal use and privacy, to get full...

Anti-theft surveillance technology – 16 July 2019

by admin | Jul 16, 2019 | News & Analysis

A new generation of anti-theft surveillance equipment called ‘S20’ developed for retailers, is being rolled out now by Checkpoint Systems. S20, is a radio frequency electronic article surveillance antenna (EAS)...

Warning from AFP of scam targeting Chinese community, South Australia – 15 July 2019

by admin | Jul 15, 2019 | News & Analysis

The Australian Federal Police is warning the public of complex social engineering fraud and telephone scams currently targeting the Chinese community. They include the: virtual kidnap and extortion scam”; Tax impersonation scam”; Chinese Embassy official or the...

Hundreds of millions lost due to fake crypto news – 15 July 2019

by admin | Jul 15, 2019 | News & Analysis

Fake news is costing Bitcoin and cryptocurrency investors hundreds of millions of dollars every year. This is because the markets are highly volatile and a single tweet is sometimes all it takes, to move the price up or down.  The reason behind fake news is that...
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