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Brokers are being urged to be wary of scam emails claiming to be from regulators or lenders during the COVID-19 pandemic – 17 April 2020
Brokers need to be more vigilant of financial scams. Furthermore, as online videoconferencing platforms are being used to communicate with customers, there is greater risk of online trolls hacking into private meetings.
https://www.theadviser.com.au/breaking-news/40240-brokers-alerted-to-online-scams
Australians report ‘sextortion’ spam campaign 1900 times in past week – 17 April 2020
The Australian Cyber Security Centre has received more than 1900 reports in just one week of a large-scale “sextortion” campaign targeting Australian internet users. Online scammers use limited personal details with the aim of intimidating recipients into paying the ransom.
Protection against cryptocurrency theft – 17 April 2020
SIM spoofing attacks (where a mobile phone number is taken over by an attacker) means that millions of dollars of cryptocurrency and bitcoin wallets can be lost. WebAuthn, is a new W3C open standard for web authentication. It allows traders to add a biometric device or physical security key as an additional authentication method.
https://securitybrief.com.au/story/can-we-protect-against-cryptocurrency-theft
JobKeeper: Where there’s government money, there’ll be rorts – 17 April 2020
Government support programs rushed by necessity in a crisis will have problems. Some employers are trying to exploit their employees by keeping a share of the job keeper payment for administration costs, whilst others are trying to double dip superannuation tax schemes. Penalties for breaking the law include fines and jail time.
https://thenewdaily.com.au/finance/finance-news/2020/04/16/jobkeeper-rorts-pascoe/