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ASIC: We’ll be watching ICOs and cryptocurrency carefully – 8 September 2018

by admin | Sep 8, 2018 | News & Analysis

In its 2018 to 2022 corporate plan, ASIC has reaffirmed its intentions to keep a close watch on the cryptocurrency space, especially ICOs and other token offerings to minimise consumer harm. With plans for a closer look at regtech in the coming years, and a greater...

Airline hack hits 380,000 passengers – 8 September 2018

by admin | Sep 8, 2018 | News & Analysis

HACKERS have obtained the credit card details of some 380,000 British Airways traveller’s during a two-week data breach that has left them vulnerable to financial fraud. The hack once again puts the spotlight on the strength of the IT systems at major companies, as...

Bureau of Crime Statistics and Research report shows rise in retail theft and fraud in Maitland – 7 September 2018

by admin | Sep 7, 2018 | News & Analysis

Maitland has recorded a mixed bag of results from the latest crime statistics, with a significant drop in steal from motor vehicle offences but a rise in retail store thefts and frauds which has jumped by 31 per cent. Detection and loss prevention deployment has...

Business email compromise fraud is growing faster than your profits are – 6 September 2018

by admin | Sep 6, 2018 | News & Analysis

The frequency of business email compromise (BEC) attacks is exploding as large financial returns continue to motivate cybercriminals to find new ways of exploiting human weaknesses. BEC volumes were up 80 percent quarter-on-quarter, according to the latest...

Australian Tax Office warns of new telephone scam that targets taxpayers – 5 September 2018

by admin | Sep 5, 2018 | News & Analysis

New scamming methods targeting taxpayers has the fraudsters initiating a three-way telephone conversation between the scammer, the victim, and another scammer impersonating the victim’s tax agent. During July and August the ATO received over 7000 scam reports, with...

Security loophole sees ‘Eftpos bandits’ steal thousands. – 5 September 2018

by admin | Sep 5, 2018 | News & Analysis

A group of alleged Eftpos bandits are taking advantage of a security loophole in the machines to rip off shops for thousands of dollars with stolen credit cards....
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