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A new and more efficient payments system will be a magnet for fraud. Here’s how to prepare – 5 September 2018
The launch of a New Payments Platform, owned by both the banks and Reserve Bank, will make payments instant.
It isn’t yet fully adopted, but when it is it’ll allow any financial institution to transfer money from any of its accounts to any other account near instantaneously. Those transfers will be impossible to reverse. It will make them magnets for fraud.
http://www.abc.net.au/news/2018-09-05/new-more-efficient-payments-system-magnet-fraud/10200418
Canberra mum-of-two accused of fraud ‘spent $30k using fake accounts’ – 4 September 2018
A Canberra woman accused of setting up fake bank, health insurance and phone accounts and using them to rack up tens-of-thousands of dollars in expenses is now facing 16 additional counts of fraud. She used the names of strangers and her ex-partner to create phone numbers, bank accounts, private health insurance accounts and file a tax return.
Study: Cryptocurrency exchanges are making basic security mistakes – 30 August 2018
An analysis of some of the world’s top cryptocurrency exchanges, by cybersecurity researcher Dr Vidy Potdar, has found that many of them are still making some relatively basic security mistakes. The most basic errors still being made were lax password policies and underuse of HTTP security headers.
https://www.finder.com.au/study-cryptocurrency-exchanges-are-making-basic-security-mistakes
How your business can jump on new “PayPal for cryptocurrency” solution – 30 August 2018
‘Paid By Coins’ is set to dramatically shake up the crypto sector by finally giving Aussie’s some options when it comes to using Bitcoin, Ethereum and the multitude of other coins out there. It’s the paypal for cryptocurrency. This system is going to be big news for many Australian retailers.
