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Brace for impact: Cryptocurrency industry faces heavy regulatory blow – 17 May 2019

by admin | May 17, 2019 | News & Analysis

On 22 February 2019, the FATF (Financial Action Task Force) published a draft of recommended cryptocurrency regulations. The rules that apply to all Virtual Asset Service Providers (VASPs) are outlined....

‘I have your son’: Scammers faking kidnapping for ransom – 16 May 2019

by admin | May 16, 2019 | News & Analysis

In the past few years, Virtual kidnapping has become a lucrative crime because detection by law enforcement is difficult. This is because perpetrators use spoofing (altering what number appears on the phone) to trick family members....

WhatsApp compromised by surveillance spyware – 16 May 2019

by admin | May 16, 2019 | News & Analysis

Urgent patches have been issued for Facebook’s messaging service ‘WhatsApp’, after attacks by a cyber surveillance firm were being made to gain access to an iPhone or Android phone and extract all of its data – texts, emails, location data, contacts, and browser...

ASIC bans ex-Kaz Capital adviser from providing financial services for six years – 16 May 2019

by admin | May 16, 2019 | News & Analysis

The Australian regulator has placed a 6 year ban on David Stephen Cornford from providing financial services. It is claimed that Mr Cornford bought and sold listed securities on clients’ accounts without the authorisation to do so; and traded Contracts for Difference...

Social media scams misuse media personalities images – 15 May 2019

by admin | May 15, 2019 | News & Analysis

Social media scams are misusing media personalities images and using fake logos for shows like “the project”, Sunrise and ABC News.  Unfortunately, as soon as one fake news article or one Facebook advertisement is deleted, a new one is created.  Facebook is aware of...

San Francisco becomes first US city to ban police use of facial recognition technology – 15 May 2019

by admin | May 15, 2019 | News & Analysis

San Francisco’s local government has voted to ban the use of facial recognition software by police and other city department. Advocates argue the technology is flawed and a serious threat to civil liberties....
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