The following are articles relevant to the Professional Investigator. Click on the title to make a comment or join the conversation.
Australia: Legal liability when your business email has been hacked – 13 November 2020
Article details actions required and legal position and of businesses that fall victim to online scams and in particular to invoice fraud, which has become an increasingly popular type of online scam.
Scam Slam: how to keep identity thieves at bay – 13 November 2020
One in five Australians will have their identities compromised at some point. Much of this is achieved by mobile number porting but Macquarie Business School’s Antiport project aims to help reduce the public’s vulnerability to these fraudsters.
https://lighthouse.mq.edu.au/article/november-2020/Scam-slam-how-to-keep-identity-thieves-at-bay
‘Bigger than the Wolf of Wall Street’: How a shady network of brokers ran riot in Australia – 13 November 2020
A six-month investigation has revealed Financial advisers with legitimate Broker licences including Israeli “Wolf of Wall Street” – ‘Talmor’, have rorted individuals out of cash on an industrial scale. Talmor’s business was controlled by another Israeli with deep Australian connections by the name of Yossi Herzog, who is now on the run from charges brought by the US Department of Justice. Herzog is accused of fleecing more than $200 million from unsuspecting customers, including Australians. It is a story that reflects poorly on the state of the Australian law and ASIC as a regulator.
With related articles of interest
Preparing for the fraud pandemic – 12 November 2020
Article explains how the shift to online banking and mobile transactions has pushed financial institutions to re-evaluate the resilience of their fraud management strategies. Article shows results of key studies around target customers, organisational structures, fraud topologies and more.
