News and Analysis

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NAB flags cyber-attacks during the pandemic have intensified – 14 September 2020

NAB has recorded literally millions of cyber-attacks, warning online criminals are amplifying their attack on customers.  They said fraud attempts made to customer accounts had increased by more than 78 per cent between May to June, with estimated losses rising 33 per cent. Cyber threats on the bank range from phishing sites targeting customers, to network and application based attacks on its digital banking platforms.

https://www.perthnow.com.au/business/finance/nab-flags-cyber-attacks-during-the-pandemic-have-intensified-ng-8cedc744da49f4bf4c766cfd1410dfa7

https://www.theaustralian.com.au/news/latest-news/nab-flags-cyber-attacks-during-the-pandemic-have-intensified/news-story/8cedc74da49f4bf4c766cfd1410dfa7

Are fraudsters really that clever? – 14 September 2020

Between using the pandemic and bushfires earlier in 2020 to their advantage, scammers cost Australians $A77 million in the first six months of 2020. Business email compromise (BEC) scams took in more than $A132 million in 2019. Fraudsters appear to be well capable of following the money however it seems we cannot get ahead of the fraudsters.

https://bluenotes.anz.com/posts/2020/09/fraud-scam-digital-payments-covid19?adobe_mc=MCMID%3D91931573662167745648708078606479228630%7CMCORGID%3D67A216D751E567B20A490D4C%2540AdobeOrg%7CTS%3D1600056000

AMP apologises to Julia Szlakowski, who made sexual harassment complaint against Boe Pahari – 11 September 2020

AMP’s chief executive Francesco De Ferrari has publicly apologised to Julia Szlakowski, a former executive who accused the company of downplaying her sexual harassment complaint against former AMP Capital boss Boe Pahari. He says there is no systemic cultural problem at AMP but the firm has since changed how it handles complaints.

https://www.abc.net.au/news/2020-09-11/amp-sexual-harassment-parliament-hearing-de-ferrari/12652080