Daily Dashboard

Legitimately Collected Data Sold to Fraudsters

DATA THEFT—AUSTRALIA

July 9, 2012

The Australian Crime Commission (ACC) has released a report that estimates 2,600 Australians have been duped out of $113 million in the past five years by criminals buying data collected through legitimate methods, such as surveys or competitions, reports COMPUTERWORLD. "Armed with information such as income, superannuation, mortgage and investment details of individuals, organized criminal networks are able to identify those most susceptible to particular schemes," says the ACC report. The ACC also released a list of recommendations to avoid becoming a victim of this kind of crime, including checking the licensing of the company, seeking independent advice before investing money and hanging up on unsolicited calls offering overseas investments.
Full Story