Incident: NSW Police dismantle online banking fraud ring | iTnews
Australian Information Security Incident Reported: September 19 2018
NSW Police have arrested and charged four members of an alleged organised crime ring that used online banking to create fraudulent accounts.
Detectives from the State Crime Command’s Financial Crimes Squad swooped on several Sydney locations last week to hit the group’s activities following an eight-month investigation.
Police will allege that the syndicate “created more than 300 fraudulent accounts through an online banking portal to apply for credit and loans to the value of more than $2 million”.