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China’s People Monitoring Software Being Deployed In Darwin – 30 April 2019
The City of Darwin has decided to implement facial recognition software and other monitoring solutions, in order to detect criminal access to unauthorised areas or alert them of criminal behaviour. It will be scanning all faces, which could result in privacy and data issues.
https://www.lifehacker.com.au/2019/04/chinas-people-monitoring-software-being-deployed-in-darwin/
Aussies lost $6.1m to cryptocurrency scams last year – 29 April 2019
Australians lost at least $6.1 million to cryptocurrency-based scams last year. This is a 190 per cent increase over the $2.1 million reported in 2017, making cryptocurrency-based scams the second highest unusual payment method for losses.
https://www.itnews.com.au/news/aussies-lost-61m-to-cryptocurrency-scams-last-year-524382
ANZ joins the lending crackdown as brokers fear delays – 29 April 2019
Closer loan scrutiny and lending conditions resulting from the Hayne Royal commission, may mean lengthy loan processing delays, causing concern that borrowers may move to the less regulated “shadow” banking sector.
ATO’s debt recovery action against small businesses is ‘crippling’, says ombudsman – 29 April 2019
A report released today from the Australian Small Business and Family Enterprise Ombudsman (ASBFEO,) looks at the ATO’s use of various debt recovery actions. 159 complaints were made regarding heavy handed debt recovery actions, however the ATO claims it only acts in serious fraud cases.