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📣 A Western Australian man was jailed for using fraudulent darknet identities.

📣 A Western Australian man was jailed for using fraudulent darknet identities.

April 19, 2024

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📢A Western Australian man was jailed for using fraudulent darknet identities.

A West Australian man was sentenced to two years in prison for defrauding victims out of tens of thousands of dollars by using stolen personal information that he obtained from the darknet and illicit online marketplaces. This week (16 April, 2024), the 36-year-old man was sentenced by the Perth District Court after having earlier entered a guilty plea to six charges. According to an AFP Cybercrime investigation, he used the stolen credentials, which he had obtained illegally online, to take more than $17,500 from a couple's superannuation and other financial accounts. [Read more]

A sleek, all-electric variant of Boston Dynamics' Atlas humanoid robot was recently unveiled. Designed for practical uses, it exhibits remarkable increased dexterity and agility.
As more users and investors become interested in these artificial intelligence (AI) start-ups, they appear to be China's best bet for breaking through to the next level of ChatGPT-like technology.
Today, Facebook parent company Meta released Llama 3, its latest AI update. All the big tech companies are trying to outdo each other.

🔔 Global sting arrests Australian cybercriminals and phishers

Five Australians and 32 foreigners were arrested after an international police takedown of a cybercrime platform used by cybercriminals to steal personal credentials from victims worldwide, including over 94,000 Australians. Australian cybercriminals are among 10,000 worldwide who have used LabHost to lure victims into giving up their personal information, such as online banking logins, credit card numbers, and passwords, via text and email phishing attacks. More than 200 AFP and state and territory police officers executed 22 search warrants across five states yesterday (17 April, 2024) as part of the Australian investigation led by the AFP's Joint Policing Cybercrime Coordination Centre (JCP3). 14 in Victoria, two in Queensland, three in NSW, one in South Australia, and two in WA. A Melbourne and Adelaide man, police say were LabHost users, were arrested and charged with cybercrime during the warrants. Three Melbourne men were arrested by Victoria Police for drug offences. [ Read more ]

💰ASIC Chair Warns of Importance of Fraud Controls After Macquarie Bank's $10 Million Fine

Macquarie Bank Ltd. has been ordered by the Federal Court to pay a $10 million penalty for failing to implement adequate controls to stop and identify unauthorised fee transactions on customer cash management accounts that were carried out by third parties, like financial advisers, using Macquarie's bulk transacting facility. Joe Longo, the chair of ASIC, stated, "This case sends an important message to financial institutions and other financial service licensees that they must have appropriate controls in place." Fraud controls are becoming more and more important.Although Macquarie put in place strong controls starting in January 2020, because of its past mistakes, financial advisor Ross Hopkins was able to take approximately $2.9 million from his clients' accounts without Macquarie realising it. "Financial institutions should prioritise and invest in systems that protect their customers," according to ASIC. Due to Macquarie's failure to fulfil its duty to take all reasonable steps to deliver its financial services effectively, truthfully, and fairly, it may be subject to a sizable fine. Macquarie allowed its clients to grant varying degrees of authority to third parties—such as accountants, stockbrokers, and financial advisors—to conduct business on their accounts, including the ability to withhold a portion of the third party's fees. [ Read more ]

The AFP will assume leadership of the Virtual Global Taskforce (VGT), an international coalition of 15 committed law enforcement organisations collaborating to address the global threat of child sexual abuse, for the first time since 2009.
Texas-based Frontier Communications, which provides local residential and business telecom services in 25 states, has shut down its operations in the wake of a cyberattack that resulted in the theft of personally identifiable information (PII).
OpenMetadata vulnerabilities are being exploited by threat actors to access Kubernetes workloads and mine cryptocurrencies.

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Fiji's central bank, the Reserve Bank of Fiji, reminded citizens that cryptocurrencies were not legal tender. The bank reiterated in a recent press release that purchasing cryptocurrency with Fijian funds was illegal and that citizens doing so without its approval could face penalties.
TradeStation Crypto, the digital assets division of TradeStation Group, is being acquired by cryptocurrency exchange Kraken. Kraken hopes to increase the scope of its regulatory licence in the US with this acquisition, Seeking Alpha said on Thursday, April 18.
Judge Edgardo Ramos noted that Mark Scott was not “likely to flee or pose a danger to the safety of any other person or the community if allowed to remain on bail.”Despite his recent fraud and money laundering conviction, OneCoin crypto scheme lawyer Mark Scott was granted bail pending appeal.

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📣 A Western Australian man was jailed for using fraudulent darknet identities.

📢A Western Australian man was jailed for using fraudulent darknet identities.

🔔 Global sting arrests Australian cybercriminals and phishers

💰ASIC Chair Warns of Importance of Fraud Controls After Macquarie Bank's $10 Million Fine

Any news tip ?

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