The following are articles relevant to the Professional Investigator. Click on the title to make a comment or join the conversation.
Senator calls for ASIC probe into Holden over ‘potential phoenixing’ – 24 June 2020
Senator Deborah O’Neill has called on ASIC to investigate General Motors’ plans to establish a new company that will import and sell GM vehicles in Australia to investigate whether ‘illegal’ phoenixing is planned i.e. the “rebirthing” of a business, with one company being stripped of its assets and having them transferred into a new entity that is essentially the same business.
Video analytics: No longer just in a Bond movie – 23 June 2020
Video analytics, or the use of software to scan video images for certain patterns, is something that has been widely implemented overseas, but not in Australia. It can be used to allocate resources more efficiently and identify where certain triggers can be immediately actioned, without needing staff to view hours of recordings.
https://insideretail.com.au/news/video-analytics-no-longer-just-in-a-bond-movie-202006
Two charged as part of investigation into international fraud syndicate at Cumberland – 23 June 2020
Cumberland detectives uncovered a sophisticated fraud syndicate operating out of India with Australian-based members collecting cash before electronically transferring the funds overseas.
Email scams skyrocket to $132m – 23 June 2020
The Australian Competition & Consumer Commission has revealed that invoices being intercepted and manipulated or emails impersonating a CEO, robbed Australians of $132 million in 2019. In 2020 phishing and other cyber-based scams will increase further, especially with lockdown restrictions associated with COVID-19.
https://ia.acs.org.au/article/2020/email-scams-skyrocket-to–132m.html
