News and Analysis

The following are articles relevant to the Professional Investigator.   Click on the title to make a comment or join the conversation.

 


 

BITCOIN FRAUD: Cryptocurrency escrow company head charged with stealing $7 million – 26 July 2019

Jon Barry Thompson used his company to induce investors to engage in cryptocurrency transactions by promising that his companies would act as custodians and thereby “minimise settlement default risk”. He is facing two counts of commodities fraud and two counts of wire fraud. The case was investigated by the Federal Bureau of Investigation with help from the Commodity Futures Trading Commission (CFTC).

https://micky.com.au/bitcoin-fraud-cryptocurrency-escrow-company-head-charged-with-stealing-7-million/

‘We take full responsibility’: NAB discloses breach involving 13,000 customers’ driver’s licences – 26 July 2019

National Australia Bank had to contact 13,000 customers to advise them of a security breach involving customer names, dates of birth, contact details and in some cases driver’s licence numbers. The issue arose when without authorisation, data was loaded to the servers of two data service companies. NAB has also notified and is working with industry regulators, including the Privacy Commissioner.

https://www.smh.com.au/business/banking-and-finance/we-take-full-responsibility-nab-discloses-breach-involving-13-000-customers-driver-s-licences-20190726-p52b84.html