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Showing 1 - 10 of 37 results for "Identity theft"

Super sector falling behind in cyber security: Podcast

CASSANDRA BALDINI  |  MONDAY, 24 JUL 2023
EY cybersecurity leader for financial services Rohit Rao says the superannuation sector is lagging when it comes to cybersecurity processes, adding that increased consolidation has created more risk. In the latest episode of the Financial Standard podcast ...

Data sharing laws updated in response to Optus breach

JAMIE WILLIAMSON  |  FRIDAY, 7 OCT 2022
... limited information is made available for certain reasons, only to be used in responding to fraud or scam activity, identity theft or cybersecurity incidents. Entities that wish to receive the data must provide written commitments to the Australian Consumer ...

Spirit Super member data exposed after security attack

ANDREW MCKEAN  |  MONDAY, 30 MAY 2022
... steps on the accounts of impacted members and a block to payments from these accounts. "There is minimal risk of identity theft or fraud as a result of the limited data set involved in the privacy breach," a Spirit Super statement read. "It's possible ...

Aussies lose $328m to investment scams

KARREN VERGARA  |  MONDAY, 7 JUN 2021
... result of business emails or payment redirection scams. Phishing, threats to life, arrest or threat-based scams and identity theft were the main scam categories, often involving the impersonation of government agencies to obtain personal information ...

Aussies to lose $100m to fraudsters

KARREN VERGARA  |  THURSDAY, 1 APR 2021
... managing finances," Finbold said. Other scams include online shopping ($7.4m), health and medical products ($3.9m), identity theft ($3.1m) and unexpected lottery wins ($1.7m). The huge loss signals that investment fraud might keep surging, corresponding ...

Super must prioritise cybersecurity risk: Report

KARREN VERGARA  |  MONDAY, 8 FEB 2021
... standards should be aligned and streamlined. The majority (82%) of breaches relate to phishing emails, followed by identity theft (56%), human error or negligence (55%) and malware (46%). Over half (62%) of respondents admitted they have limited understanding ...

ACCC flags dangers of ERS

ELIZABETH MCARTHUR  |  WEDNESDAY, 19 AUG 2020
... Financial Standard that the nature of superannuation scams is shifting, having seen a 55% increase in cases of identity theft. The ACCC's national scam awareness week this year is focussed on identity theft, with the agency saying they've seen a huge ...

From fines to prosecution: The penalties are in

ELIZA BAVIN  |  THURSDAY, 21 MAY 2020
... could investigate cases of fraud. Deputy Treasurer Michael Sukkar had confirmed the AFP was investigating cases of identity theft and emphasised the ATO had not been compromised. "It has been referred to the AFP, a case of identity theft essentially ...

Super must come together over cybercrime

HARRISON WORLEY  |  THURSDAY, 14 MAY 2020
... government's Early Release Scheme was temporarily shut down to deal with fraud attempts. One confirmed case of identity theft put the scheme to a halt, as the AFP begun investigations. Deputy Treasurer Michael Sukkar said the ATO had not been compromised ...

ERS paused as AFP investigates fraud

ELIZA BAVIN  |  FRIDAY, 8 MAY 2020
... Sukkar confirmed the ATO has paused requests for early release being sent to super funds, as the AFP investigates identity theft. Speaking to Sky News this morning, Sukkar emphasised that the ATO has not been compromised and said the investigation is ...
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