24th August 2017
(This version of the August 24 story corrects first paragraph to note it refers to cost of organised crime to Australia as a whole, not just in the financial sector) Organised crime is costing Australia A$36 billion ($28.43 billion) a year, the criminal intelligence authority said on Thursday. Read More
24th August 2017
Phishing scams have helped push up criminal losses to about $225 million this year, according to Chainalysis, a New York-based firm that analyses transactions and provides anti-money laundering software. In such scams, investors are tricked into sending money to internet addresses pretending to be funding sites for digital token… Read More
22nd August 2017
More than two thirds of companies say their directors have no training in responding to cyber attacks, according to a British government survey. Of 105 businesses in the FTSE 350 questioned, one in 10 revealed they have no plan to cope with hacking. Read More
17th August 2017
People in Jersey are being urged to be extra vigilant following a series of targeted attempts to defraud Jersey companies and their clients. The Jersey Financial Services Commission are warning local businesses and members of the public to be careful after at least three cases surfaced, where locally registered business… Read More
28th July 2017
Unicredit, Italy’s largest bank, suffered a data breach affecting 400,000 customers, BBC News reports. The bank said personal data and account numbers may have been stolen in the two separate breaches it suffered. The first incident took place between September and October 2016, while the second occurred between June and… Read More
27th July 2017
On July 26, 2017, The Financial Crimes Enforcement Network (FinCEN) announced the assessment of a $110,003,312 civil money penalty against BTC-e, or Canton Business Corporation (BTC-e) for “willfully violating U.S. anti-money laundering (AML) laws.” FinCEN worked in coordination with the U.S. Attorney’s Office for the Northern District of California. Read More
27th July 2017
A Russian national has been charged by a US grand jury over the alleged laundering of billions of dollars using virtual currency Bitcoin. Alexander Vinnik, 38, was arrested in Greece near the northern city of Thessaloniki on a US warrant. A US attorney later announced he had been charged with… Read More
12th July 2017
Australia’s multibillion-dollar financial markets are vulnerable to an increasing risk of cyber-enabled fraud, a new report has found. Overseas-based crime syndicates are also exploiting Australia’s financial infrastructure to manipulate markets and launder money, the report by Austrac, the government’s financial intelligence agency, found. Read More
11th July 2017
Critical information infrastructure (CII) owners in Singapore must report security breaches, and cyber-security vendors providing highly sensitive services here will need to be licensed if a proposed Cybersecurity Bill gets the green light. The draft Bill was released on Monday (July 10) for public consultation. Read More
10th July 2017
Dogecoin exchange founder and convicted rapist Ryan Kennedy lands in fresh hot soup over the theft of Bitcoins, money laundering and fraud. British police have released a statement saying that Ryan Kennedy has been taken into custody. Read More