Yesterday
CEO tells how he almost transferred $25m to scammers
Scammers use LinkedIn to find wealthy individuals and C-Suite executives before pouncing when they are at their most vulnerable, like after an overseas trip.
- Lucy Dean
This Month
Canberra’s stoush with Meta wins global support
Assistant Treasurer Stephen Jones has fired a volley at Meta over scams and fraud – and 10 other ministers meeting in London backed him up.
- Hans van Leeuwen
How do I protect my elderly mother from scammers?
The trick to discussing scams is to avoid pointing the finger or suggesting your mother is naive.
- Penny wise
February
Tool to prevent AI scams raised Aussies’ Tinder hit rates by 67pc
In a trial before a global rollout of ID verification services, Tinder says its Aussie and Kiwi users signing up, saw a 67 per cent increase in matches.
- Antonia Mufarech
January
- Exclusive
- Regulation
ASIC to pursue riskier litigation strategy in 2024
Chairman Joe Longo says corporate regulator will focus on financial services, crypto, superannuation and target firms operating in grey areas of the law.
- Ronald Mizen
New freeze button planned to stop bank scams
Bank customers will get a new kill button to immediately close down accounts or transactions and get repaid in 24 hours under a proposed new scheme to stop the explosion in scams.
- Tom Burton
December 2023
- Exclusive
- Cybersecurity
Little-used mobile phone feature exposes new scam threat
A newly discovered security risk that exploits 19-year-old mobile phone technology might let scammers bypass identity checks for banking and email.
- John Davidson
November 2023
Face scan logons, protection from Optus-like hacks in services revamp
Passwords are on the way out for digital services from the federal governments, as the myGov portal embraces a new secure passkey technology aimed at stopping scams.
- Tom Burton
October 2023
- Analysis
- The Breakdown
What Musk’s high-stakes plan to charge for tweeting really means
X, formerly known as Twitter, is charging $US1 a month for New Zealand and Philippines users to post in an experiment that could go global. So what’s Elon thinking now?
- Nick Bonyhady
September 2023
Refunding scam victims creates ‘honeypot for organised crime’: NAB
Banks says they need to be cautious about compensating for scam losses, and want digital platforms and telcos to share the burden.
- James Eyers
August 2023
Nickel market rocked again as trader pays $5m for ‘rubble’
Kataman Metals alleges it paid $5 million for a nickel cargo only to discover the containers were filled with near worthless rubble.
- Archie Hunter
- Opinion
- Chanticleer
Why smaller banks like Bendigo and BoQ have a big problem
Bendigo & Adelaide Bank has made good progress on costs and returns. But as loan growth shrinks, scams rise and inflation keeps pushing higher, scale counts.
- James Thomson
Ex-Mayfair head Mawhinney’s new website pitches double-digit returns
The former director of the collapsed Mayfair investment scheme has launched a platform that purports to helping investors stay clear of scams.
- Jonathan Shapiro and Liam Walsh
- Exclusive
- Big four
Crypto platforms a ‘getaway’ for half of scam proceeds
New data says about half of all scam proceeds vanish from the grasp of victims and law enforcement agencies via crypto platforms.
- Lucas Baird and Jonathan Shapiro
Mayfair promoter James Mawhinney emerges to run anti-scam service
The businessman is in the midst of a lengthy legal dispute with the corporate regulator and is not currently permitted to raise money from the public.
- Jonathan Shapiro and Liam Walsh
June 2023
CBA jostles with AI-generated Matt Comyn scam
In an evolution of the prominent bogus social media advertisement that leverages the likeness of celebrities, scammers employ AI to impersonate the bank’s boss.
- Lucas Baird
May 2023
Banks, telcos and social media to be made responsible for scam safety
Consumers will be able to seek reimbursement for scams under a new cross-industry code to enable the take-down of fraudsters, and verification of business accounts.
- Tom Burton
Investment scams rob $88m from Australians
Investing has always been seen as risky business. But losing everything isn’t in the playbook.
- Nina Hendy
- Opinion
- Aged care
Three hacks to prevent you losing a bank transfer to a cyberattack
A move into residential care often involves transferring hundreds of thousands of dollars to pay the deposit. This is how to avoid losing money to a scam.
- Louise Biti
Feds get serious about scams and investment fraud
The surging levels of digital scams and investor fraud have prompted a major increase in digital safety measures, including a new digital identity system.
- Tom Burton