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Bubble bursts for tea chain giant Chatime over underpayment – 26 April 2019
Chatime (Tea chain giant) is caught up in a large employment underpayment issues in its franchisees and corporate stores. This latest scandal to hit the franchising sector, comes in the wake of a damning parliamentary report into the industry, calling for greater enforcement of powers and penalties and a suite of changes to the franchising code.
Fraudsters’ Latest Target: Dead People – 25 April 2019
Fraudsters are getting creative and leveraging technology to commit fraud under the guise of a dead person’s name. 800,000 deceased people each year have their identities stolen.
https://www.pymnts.com/fraud-prevention/2019/deceased-digital-id-theft-trulioo/
Queensland Education staff embroiled in more than 100 cases of fraud – 17 April 2019
17A Right to Information investigation reveals 116 cases of fraud and theft by Department of Education staff in Queensland in 2018. Many of these included inappropriate use of public resources and misuse of corporate cards.
https://www.abc.net.au/news/2019-04-17/queensland-education-staff-fraud-theft/11019596
“Blockchain Bandit” stole $54m in Ether from wallets with weak private keys – 21 April 2019
Researchers at Independent Security Evaluators found that one “blockchain bandit” stole $54 million in Ether from wallets with weak private keys
People put a lot of faith into their cryptocurrency wallets, but such faith can be severely misplaced. Researchers at Independent Security Evaluators (ISE) found that thieves are making big bucks by targeting wallets on the Ethereum blockchain that have very weak private keys.
https://micky.com.au/stick-em-up-54-million-in-ether-stolen-by-blockchain-bandit/
