News and Analysis

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Eftsure raises $2.5 million to fund accelerated growth plans, fight against payment fraud explosion – 6 August 2019

Australian fintech company eftsure has just secured an additional $2.5 million in funding to accelerate its growth and meet the demand for its protection platform, a unique solution to electronic payments fraud. Since its inception, eftsure has protected over $6 billion in electronic payment transactions.

https://www.itwire.com/security/eftsure-raises-$2-5-million-to-fund-accelerated-growth-plans,-fight-against-payment-fraud-explosion.html

Federal Government ‘concerned’ over Facebook’s Libra cryptocurrency, demands fine print – 6 August 2019

Facebook says its new cryptocurrency company, Libra, will allow money to be sent the same way as a text message. The Australian Privacy Commissioner is cautioning Facebook to learn from its mistakes and explain exactly how it will protect people’s financial information. Libra is planned to be launched in 2020.

https://www.abc.net.au/news/2019-08-06/facebook-libra-cryptocurrency-privacy-concerns/11385488