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Big banks in spotlight for opening round of royal commission hearings – 26 February 2018
The first round of hearings in Royal Commission into the Australian banks are set to begin in March. Lead by Kenneth Hayne, the probe will initially focus on case studies in areas such as home loans, car loans, credit cards, add-on insurance, credit offers and account administration.
Hackers steal millions by ditching malware to sidestep security – 22 February 2018
A report from IBM security has revealed the ongoing campaigns from ‘cyber con-artists’, who engage in a scam known as Business Email Compromise (BEC). The attacks typically involve impersonating a senior employee, and sending out fake invoices and the like to gain sensitive financial information.
https://www.gizmodo.com.au/2018/02/hackers-steal-millions-by-ditching-malware-to-sidestep-security/
Aussie names in $678M cyber fraud ring investigation – 8 February 2018
United States authorities have named an Australian man as one of 36 people charged for their role in the Infraud Organisation – an internet based cybercriminal ring responsible for over $678M (AUD) in losses.
https://www.arnnet.com.au/article/633139/aussie-named-678m-cyber-fraud-ring-investigation/
Labour charged with more than $220,000 of fraud – 23 February 2018
Hills shire councillor (NSW) Ray Harty has been charged with fraud, after dishonestly obtaining over $220,000 from Comet Training – owned by the NSW divisions of CFMEU. Harty will face a local court on April 12.
