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SecureWorks warns of business email compromise campaign – 26 April 2018
SecureWorks researchers uncovered an extensive business email compromise campaign targeting the maritime shipping industry, which may have cost organizations millions of dollars
‘It makes no sense’: Former PayPal CEO says bitcoin is the ‘greatest scam in history’ – 26 April 2018
Promoters ‘pump’ up the price of a security creating a speculative frenzy, then ‘dump’ some of their holdings at artificially high prices. Ernst & Young estimates that 10 per cent of the money raised for initial coin offerings has been stolen.
Senators want better whistleblower protections after royal commission revelations – 25 April 2018
Crossbencher Rex Patrick will push the Turnbull government on tougher whistleblower protections in the wake of revelations from the banking royal commission, but maintains the controversy shouldn’t be conflated with company tax cut negotiations.
Banks take five years/Fruits to refund fraud victims /larger fines in wake of banking royal commission – 23 April 2018
If big banks forge documents or charge for a service they don’t deliver, Australians wait an average of five years before getting a refund.
New reforms announced last week will see banks who break the law facing fines as high as $210 million and equip the corporate regulator with stronger enforcement powers.