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Adani mining giant faces financial fraud claims as it bids for Australian coal loan – 18 August 2017
The Adani corporation has been accused of allegedly inflating invoices for an electricity project in India to move large sums of money into offshore bank accounts. The company has denied the allegations, however a legal decision is expected to be reaching in the “near future”.
Online credit card fraud on the rise as cyber criminals become more sophisticated – 16 August 2017
The Australian Payments network has identified a significant increase in credit card fraud, particularly in “card not present” fraud. The report also details the use of “ghost terminals”, fake terminals not connected to a payment network that are used to ‘skim’ card details.
http://www.abc.net.au/news/2017-08-03/credit-card-fraud-on-the-rise/8769944
Turnbull plans law to force tech giants to decrypt messages – 15 August 2017
The Australian federal government has announced the proposal of a new law, forcing global tech giants to assist police by unscrambling encrypted messages sent by suspected extremists and other criminals. The bill is expected to be introduced at Parliament by November this year.
Ransomware victims payout almost $32 Million over the last two years, a study has found – 13 August 2017
Researchers at Google, Chainalysis, The University of San Diego and New York University’s Tandon School of Engineering have recently revealed the monetary cost of ransomware attacks. The study identifies a strain named “Locky” as the most financially devastating, but also references more common strains such as Petya and WannaCry.
