Displaying items by tag: Identity Theft

GUEST OPINION: Australia is progressing steadily with an open banking rollout. The Big Four banks – CBA, Westpac, ANZ and National Australia Bank – introduced open banking in July 2021, and other banks and financial services are expected to follow in 2022. According to many fintechs, however, the introduction is going slower than expected, and they are pushing financial markets to open their banking services online by signing additional data holders.

Australians have lost over $70 million to bogus investment scams in the first half of this year and a massive increase in losses are predicted by the end of the year, according to the consumer watchdog the ACCC.

Trend Micro's latest product for home users is Trend Micro Device Security Ultimate, which combines device security, identity theft and dark web monitoring, parental controls, and more.

Guest Opinion: No one ever wants to believe they’re victims of identity theft, but with nearly 1.38 million cases reported in the United States alone, it’s a hard truth many individuals face. With a higher dependence on online shopping, virtual banking, and instant transactions, learning how to avoid identity theft is essential, but so is learning how to fight back.

Australia’s two largest telcos - Telstra and Optus - along with Aldi’s Medion Mobile, have been warned by the telecommunications industry regulator ACMA for failing to adequately verify people’s identities prior to transferring their mobile phone numbers from other telcos.

There are things we all know we should do; floss our teeth, phone our mothers, wear clean underwear … and protect our online identity with unique passwords and authentication security. If you’re not doing these things it’s time to start and Yubico can help with the latter.

Sydney headquartered global cyber security firm Wontok has appointed 20-year ICT industry veteran Mick Esber as Head of Technology.

The number of data breaches reported to the Office of the Australian Information Commissioner in the first half of the year has fallen slightly but there has been a rise in ransomware attacks and impersonation attempts.

By ProPrivacy

VENDOR PROMOTION Contact tracing apps could do a lot of good, but not if hackers get in the way. Here’s a quick list of three ways cybercriminals can abuse these apps.

VENDOR PROMOTION Contact tracing apps could do a lot of good, but not if hackers get in the way. Here’s a quick list of three ways cybercriminals can abuse these apps.

The Federal Government has warned that the telecommunications regulator ACMA is actively undertaking compliance checks to ensure mobile providers are complying with new measures and standards designed to protect Australians from fraud and identity theft, including mobile porting scams.

There has been a significant spike in reports about a new scam in Australia involving suspicious emails or SMS claiming to be from online gambling websites offering credit or in-game bonuses.

A new standard to mandate stronger identity verification processes before mobile numbers can be ported is being introduced in Australia as the Australian Communications and Media Authority (ACMA) steps up its fight against mobile number fraud.

Malware campaigns equipped with the capability to exploit powerful, hidden backdoors are becoming commoditised, according to one security firm which says that research reveals that several high-profile hacker campaigns are integrating the misuse of SSH machine identities capabilities into their attacks.

The financial impact of ransomware rose by 60% in 2018, losses from business email compromise (BEC) doubled, cryptojacking incidents - the unauthorised use of others’ computing resources to conduct cryptomining - more than tripled, and there continued to be a steady stream of high-profile data breaches, according to a report from the Internet Society’s Online Trust Alliance.

Scammers have stolen at least $16 million from unsuspecting Australians so far this year and this is likely to be just the tip of the iceberg, according to the latest Scamwatch report from the ACCC.

Phishing, unexpected prize and lottery scams and identity theft are among the 1800 scams which have hit Australia’s indigenous communities, causing losses of $3 million so far this year.

Intel has launched its Saffron anti-money laundering adviser which it says is aimed at detecting financial crime through a transparent AI solution utilising associative memory.

Australians are more concerned about security issues, with public concern now at its highest level in the last 10 years, according to a new study.

In the last year, one-third of American citizens and more than 650 million people globally were the victims of cyber crime. It has reached crisis levels and combined, Symantec’s Norton and Lifelock make for a very compelling consumer protection platform.