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Showing 1 - 10 of 39 results for "Identity theft"

SMSFs need to stay ahead of the regulatory curve: Nowinfinity

MATTHEW WAI | FRIDAY, 20 FEB 2026

... down" the SMSF establishment process to undergo a more detailed identity check to avoid any potential fraud and identity theft activities and urged better communication with staff and clients to improve different aspects of operation. Anderson also welcomed ...

SEC fines private equity firms for recordkeeping failures

KARREN VERGARA | TUESDAY, 14 JAN 2025

... suspicious activity reports between January 2020 and March 2022. It failed to protect customers from the risk of identity theft between April 2019 to July 2022 and also used off-channel communications that breached recordkeeping laws. Subsidiary Robinhood ...

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 ...

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Australian Unity to shed 195 roles

MATTHEW WAI

Australian Unity is reducing its workforce by 195 positions due to underperformance stemming from delays in government support for its Home Health platform and the integration of several businesses.

Count shutters limited-advice business, slips in size ranking

MATTHEW WAI

Count Financial has reportedly wound up its restricted SMSF/limited-advice service, losing some 26 advisers on the Financial Adviser Register, latest data shows.

First Super recruits head of investments from Prime Super

MATTHEW WAI

First Super has appointed a new head of investments, replacing Chris Artis, who was in the position for the past three months on an interim basis.

BMO eyes Euroz Hartleys' capital markets business

KARREN VERGARA

Euroz Hartleys confirmed it is in discussions with Canada's BMO Financial Group for a potential sale of its capital markets business for $145 million.

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