NEWS


Press Releases

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► Point of Pay confirms engagement with Strategic Payment Services

► POP signs MOU with Bendigo and Adelaide Bank for Technology Certification

 

 

Industry News

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► ‘Day of reckoning is coming’ for the web, says Amit Yoran 31/01/2013

► Small businesses falling victim to online fraud 19/09/2012

► Australian cyber crime on the rise 18/09/2012

► Cyber crime claims 5.4m Aussie victims 6/09/2012

► Hackers claim to steal 12 million Apple iPhone and iPad IDs from FBI 5/09/2012

► Digital storm on the horizon 29/08/2012

► ‘Big Security’ a Natural, Necessary Extension of Big Data 29/08/2012

► Fresh Phishing E-mail Scam Circulating against PayPal Subscribers 20/08/2012

► 500K Credit Cards stolen in Australian Point-of-Sale Hack 20/08/2012

► Apple cloud burst: how hacker wiped Mat’s life’ 20/08/2012

► Identity theft hits one in five: Study 13/07/2012

 


 

Press Releases


 

POP signs MOU with Bendigo and Adelaide Bank for technology certification

Posted on: 17th, August 2010

Point of Pay is pleased to announce that a memorandum of understanding (MoU) has been executed between Point of Pay and Bendigo and Adelaide Bank Limited (BEN) to certify the revolutionary POP Payments Network for use in Australia.

The agreement with BEN concerns a program to certify the POP payments technology onto the financial switch operated by Strategic Payments Services Limited (SPS) for use in Australia.

Point of Pay confirms engagement with Strategic Payment Services

Posted on: 2nd, August 2012

Point of Pay is excited to confirm that it has engaged with Strategic Payment Service (SPS) and started the certification process for roll out of PoP Net™ into the Australian market. Once certified, PoP Net™ will offer online merchants, consumers and financial institution the highest available level of online fraud protection. And at no extra cost to the online merchant or consumer!

 

Author: Michael Haines, Head of Sales and Marketing

Industry News


 

‘Day of reckoning is coming’ for the web, says Amit Yoran

Posted on: 31st, January 2013

“Bleak times ahead” for web, says Homeland Security cyber head. “Cyber crime makes more money than drug trafficking”. “Ease at which technology can be exploited increasing”. The former director of the US Department of Homeland Security’s National Cyber Security Division says there are bleak times ahead.

 

Author: Claire Porter Source: Herald Sun

Australian cyber crime on the rise

Posted on: 19th, September 2012

SMALL and home-based businesses are a “weak spot” for the country’s $278 million of credit card fraud, fuelled by the sector’s reliance on online transactions.

The Australian Payments Clearing Association said the sector – which is responsible for about 70 per cent of Australia’s employment – is more likely to rely on online retailing as a way of extending its commercial reach.

False or forged cards were responsible for more than $74 million of Australian card fraud last year, according to APCA – a total that blew out by another $123.4 million when overseas transactions were taken into account.

 

Author: Russell Emmerson

Australian cyber crime on the rise

Posted on: 18th, September 2012

IT’S not just the slowing mining boom that’s worrying Prime Minister Julia Gillard. Cyber crime is another drain on the wealth of Australians, latest research shows.

Australia lost a total of $1.65 billion  — more than the government’s projected budget surplus — to cyber crime over the past year, with around a quarter of the population targeted by internet crooks, according to the Norton Cyber Crime Report.

Compared with the total global direct cost of cyber crime set at $110 billion, that’s a fairly insignificant number. But per person, Australians lost an average of $306 each, 60 per cent higher than the global average, the survey of 13,000 adults across 24 countries found.

Part of that is down to Australia’s precocious take up of mobile internet devices.

 

Author: Caroline Henshaw

Cybercrime claims 5.4m Aussie victims

Posted on: 6th, September 2012

AUSTRALIA’S addiction to social media and smartphones has led to a spike in the number of people falling victim to cybercrime, a new study has found.

Around 5.4 million people were targeted by online criminals over the past 12 months, according to Norton’s annual Cybercrime report released on Thursday.

Globally, there were more than 556 million victims.

The study recorded a significant jump in the rate of Australian users who have been attacked through social networking sites or mobile devices.

More than one-in-three Australians active on social media say they’ve been a victim of cybercrime on platforms like Facebook and Twitter.

Cybersecurity expert Adam Palmer, who advises the FBI and Norton, said criminals were rapidly shifting away from traditional PC-based virus attacks and toward “easier targets” on mobile devices.

 

Author: Herald Sun

Hackers claim to steal 12 million Apple iPhone and iPad IDs from the FBI

Posted on: 5th, September 2012

A HACKER group has claimed to have obtained personal data from 12 million Apple iPhone and iPad users by breaching an FBI computer, raising concerns about government tracking.

The group called AntiSec, linked to the hacking collective known as Anonymous, posted one million Apple user identifiers purported to be part of a larger group of 12 million obtained from an FBI laptop.

Contacted by AFP, FBI spokeswoman Jenny Shearer said: “We’re not commenting”.

Peter Kruse, an ecrime specialist with CSIS Security Group in Denmark, said on Twitter that the leak “is real” and that he confirmed three of his own devices in the leaked data.

“Also notice that they claim to have fullname, addresses, phone numbers etc… Big ouch!” he tweeted.

Eric Hemmendinger, a security expert with Tata Communications, said the report raised concerns about the protectors of cybersecurity.

 

Author: The Australian

Digital storm on the horizon

Posted on: 29th, August 2012

Personal computing has changed people’s lives, not least their vulnerability to criminal activity, writes Debra Jopson.

 

Author: Debra Jopson

‘Big Security’ a Natural, Necessary Extension of Big Data

Posted on: 29th, August 2012

 

Big data is poised to grow well beyond the enterprise – and anything we can imagine today. Think of how the assembly line changed the automobile and, consequently, our lives. Keeping big data secure will require an equally innovative approach. CIO.com columnist Bernard Golden calls it ‘big security,’ and he does not think the industry is ready for it yet.

 

Author: Bernard Golden

Fresh Phishing E-mail Scam Circulating against PayPal Subscribers

Posted on: 20th, August 2012

 

According to security researchers, one fresh phishing scam in the name of PayPal has been detected circulating online that’s targeting innocent Internet-users, published softpedia.com dated August 8, 2012.

Addressing recipients by their name, the spam mail regretfully states that the user’s latest PayPal transaction couldn’t be cleared as his credit-card company didn’t let the payment to get passed. However, the problem can be corrected if he follows any of the given options

500K Credit Cards Stolen in Australian Point-of-Sale Hack

Posted on: 20th, August 2012

WIRED (17/08/2012) Is reporting that police in Australia are investigating a breach of half a million credit card numbers that reports say was conducted by the same gang that struck the Subway restaurant chain in the United States.

 

Apple cloud burst: how hacker wiped Mat’s ‘life’

Posted on: 20th, August 2012

This is the nightmare scenario that greeted US technology journalist Mat Honan, who had all of the contents of his iPhone, iPad and Macbook Air wiped, and lost control of his Gmail and Twitter accounts, all in the span of just over 15 minutes.

 

Author: Asher Moses

Identity theft hits one in five: Study

Posted on: 13th, July 2012

One in five Australians have had their identities stolen or had their personal or financial data illegally accessed, with credit card crime such as skimming one of the major problems plaguing consumers, a new study suggests.

The Australian Debt Study, released today, shows that Australians aged 35-49 are the most likely group to fall victim to identity fraud while 18-24 year olds are the least likely to report illegal access to their personal or financial data.

The data intelligence group Veda, which surveyed more than 1000 Australian adults, also found that people earning more than $70,000 are much more likely to be targeted for bank account and credit card crime than those earning $40,000 a year or less and cases of identity theft and financial fraud are highest in Western Australia and NSW.

Findings also show that almost one in three Australians suffered some form of credit crime and lost their wallet containing credit cards and identification.

Matthew Strassberg, a Veda senior advisor said: “Identity crime is a thriving industry in Australia, with the Australian Bureau of Statistics estimating the cost of personal fraud to consumers at $1.4 billion dollars a year.

“Whilst credit card fraud is a common form of identity crime, many people do not realise that with only a small amount of personal data, an identify thief could take out a second mortgage on a house, or open up a new line of personal credit and purchase items in their name or under a false identity.”

The results of the study come as a 29-year-old Mascot man was yesterday charged with the alleged possession of ATM skimming devices , hundreds of bank cards and seven duplicating machines.

Police spoke to the man and searched his van after he had allegedly parked illegally on Darling Point Road, Darling Point at 12:30pm on Wednesday. He will appear at Downing Centre Local Court on July 25.