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Incident: Online fraud syndicate – Woman arrested and millions allegedly siphoned | 9 News

Incident: Online fraud syndicate – Woman arrested and millions allegedly siphoned | 9 News

Australian Information Security Incident Reported: September 18 2019

Online fraud syndicate – Woman arrested and millions allegedly siphoned

Millions of dollars have allegedly been siphoned from personal superannuation and share trading accounts as part of a sophisticated online fraud syndicate.

Source: Online fraud syndicate: Woman arrested and millions allegedly siphoned
More reports from: 9 News.

Authorities understand there to be multiple “innocent victims” hit by the syndicate, which was revealed by Australian Federal Police and the Australian Securities and Investments Commission today.

Jasmine Vella-Arpachi, 21, has been charged and will face Melbourne Magistrates Court today and faces a broad range of charges relating to fraud, unauthorised access of data and dealing in proceeds of crime.

Authorities today revealed the international syndicate has attempted to steal as much as $10 million from superannuation and share trading accounts.

More coverage:

– Sep 17 2019 | Cyber fraud hits superannuation, share accounts | iTnews

About The Author

I provide independent and practical consultancy services through raising awareness and fostering the energy for change that delivers improved business management of information security governance, risk and compliance.

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