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CommBank, ANZ hit with scam apps – 20 September 2018
MORE than a thousand CommBank and ANZ customers may have unknowingly handed out their log-in details and credit card numbers after downloading malicious banking apps. A Google spokesman declined to say how many times the apps were downloaded or how they made it into the Google Play store. As the banks were impersonated, not hacked, the scam falls outside Australia’s new mandatory data-breach notification scheme passed into law earlier this year.
Westpac mortgage tracker shows loan ‘fraud’ – 20 September 2018
AN ELDERLY West Australian couple who were “doorknocked” by a salesman spruiking a real estate investment thousands of kilometres away were victims of a “fraud” committed by Westpac, consumer advocates claim. Bank staff inflated the couples monthly income so they could get a loan approved.
ASIC stamps on more cryptocurrency scams as market dives – 20 September 2018
The Australian Securities and Investments Commission has confirmed it recently shut down several “initial coin offerings” (ICOs) which were either illegal or using misleading statements in their marketing and stopped the issue of a product disclosure statement (PDS) for a crypto-asset managed investment scheme.
http://www.abc.net.au/news/2018-09-20/asic-warns-on-cryptocurrency-scams/10286528
NSW Police dismantle online banking fraud ring – 19 September 2018
NSW Police have arrested and charged four members of an alleged organised crime ring that used online banking to create more than 300 fraudulent accounts. The raids come after the Financial Crimes Squad set up Strike Force Kurraka in January to target large-scale identity theft and fraud against financial institutions.
https://www.itnews.com.au/news/nsw-police-dismantle-online-banking-fraud-ring-512769
