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Teenager a of Leading ring of ‘Evil Geniuses’ on $24 Million ‘Cybercrime Spree’ – 9 May 2020
Ellis Pinsky, an 18 year old high school student in York with 20 other co-conspirators, netting themselves a collective $US100 ($153) million in digital cryptocurrency over the last few years, by stealing mobile phone SIM cards to take charge of victims accounts.
‘Trusted employee’ defrauded Sydney school of $7.4m over 15 years, police allege – 8 May 2020
It has been alleged that Augustine Nosti, who was the financial controller at Moriah College in Sydney, redirected 402 financial transactions from the private Jewish college into his personal bank accounts and defrauded the school of $7.4 million dollars over 15 years.
ERS paused as AFP investigates fraud – 8 May 2020
The ATO has paused requests for early release being sent to super funds, as the AFP investigates identity theft. The AFP they are investigating one incident that might involve over 100 taxpayers
https://www.financialstandard.com.au/news/ers-paused-as-afp-investigates-fraud-160118821
Harsher Penalties Required For Privacy Breaches, Says Cambridge Analytica Whistleblower – 7 May 2020
Australia’s privacy watchdog has alleged that Facebook failed to protect more than 300,000 Australian users’ data that was collected by Cambridge. Each potential breach could attract a fine up to $1,700,000, which could total $529 billion. This fine is quite large compared with other data breach fines but greater regulations are required.
