MENCARI - Delivered fearless reporting to you
Posts
📢 Australians Fought Back, but Scammers Still Walked Away with $2.74 Billion

📢 Australians Fought Back, but Scammers Still Walked Away with $2.74 Billion

Today’s email is brought to you by Empower your podcasting vision with a suite of creative solutions at your fingertips.

Welcome to There’s a Glitch

Happy Sunday !

We appreciate your support of all of our newsletters published under the Evening Post AU banner, and we welcome any recommendations for enhancements. This is the most recent news that you should read.

If you have any thoughts or feedback, our inbox is open, contact us via email, and don't forget to sign up for this newsletter here if you haven't already. Encourage a friend to subscribe as well! - Jaime

This week, there's a glitch :

🔥 Australians Fought Back, but Scammers Still Walked Away with $2.74 Billion
📢 Permira to Acquire Majority Position in BioCatch at $1.3B Valuation
💵Clubs NSW data breach puts over a million people at risk of identity theft.

🔥Australians Fought Back, but Scammers Still Walked Away with $2.74 Billion

For the first time since 2016, Australians lost $2.74 billion to scams in 2023, a 13.1% decrease from the year before.The federal government claims that although the National Anti-Scam Centre is making the public aware of frauds that they should be wary of, more needs to be done to prevent further phishing, romance, and investment scams.

The report uses data from Scamwatch, ReportCyber, the Australian Financial Crimes Exchange (AFCX), IDCARE, and ASIC.

It shows that Aussies made over 601,000 scam reports to these organizations in 2023, which is an 18.5% increase on 2022. In terms of financial losses, investment scams caused the most harm ($1.3 billion), followed by remote access scams ($256 million) and romance scams ($201.1 million). [ Read more ]

Bloomberg reports that Apple Inc. and OpenAI have resumed talks regarding leveraging the startup's technology to power some new features coming to the iPhone later this year.
Copilot Workspace, a brand-new AI-powered tool from GitHub, helps developers use natural language to plan, organise, and begin projects right from their coding libraries.
Amazon recently revealed that Q, its AI-powered business and developer assistant, is now available, giving enterprise clients access to cutting-edge features.

👉 If you're looking to get up to speed with podcasting in Southeast Asia and around the globe in just five minutes, this is the perfect place for you! Just click here.

📢 Permira to Acquire Majority Position in BioCatch at $1.3B Valuation

BioCatch (the “Company”), the global leader in digital fraud detection and financial crime prevention powered by behavioural biometric intelligence, announced today that Permira Growth Opportunities II (the “Fund”), a fund advised by global private equity firm Permira, will acquire a majority stake in the Company.

BioCatch shareholders Sapphire Ventures and Macquarie Capital will increase their investments alongside the Fund. The transaction is expected to boost the Company's global expansion, innovative product roadmap, and growth. [Read more]

💵 Clubs NSW data breach puts over a million people at risk of identity theft.

An online data breach exposed the drivers licences of about a million pub and RSL patrons.Australian tech company OutABox, which supplies Clubs NSW with gaming and hospitality products, was involved in a data breach after offshore developers claimed they were not paid for work they completed over a year ago.Haveibeenoutaboxed.com claims over one million drivers' licences from pubs and clubs in Australia, Asia, and the US were compromised [ Read more]

The global cybersecurity leader Palo Alto Networks (NASDAQ: PANW) launched Prisma® SASE 3.0 to future-proof and transform the workforce. Prisma SASE 3.0's industry-first natively integrated enterprise browser, AI-powered data security, and five-times faster dynamic application acceleration provide Zero Trust for managed and unmanaged devices.
APT28, a Russia-linked nation-state actor, was accused by the EU, NATO, the U.K., and the U.S. of a long-term cyber espionage campaign against Czechia and Germany on Friday.
Volunteer intelligence gatherers claim that Russian drones used AI developed by the infosec company Kaspersky in their conflict with Ukraine.

Nothing is free like a free press. Give now to help sustain independent journalism in your community.

It's evident from recent events that there has never been a better moment to support local news. Donate now to help sustain independent reporting.

Binance's billionaire founder Changpeng Zhao has been sentenced to four months in prison. He pleaded guilty to charges of enabling money laundering at his crypto exchange.
The DoJ filed a pretrial detention motion against Enhua Fang in the US District Court for the District of Oregon on Thursday, April 18, 2024. Fang was indicted for money laundering conspiracy, concealment, and criminally derived property monetary transactions. According to Acting Assistant Deputy Chief Melanie Alsworth's DoJ motion, Fang was crucial to an international money laundering organisation that laundered $92 million in drug trafficking proceeds over two years.
On May 2, Moonpay, a digital asset trading platform, announced a partnership with Paypal. Thanks to this partnership, Americans will be able to use their Paypal accounts to buy cryptocurrency. The security provided by Paypal, a payment processor renowned for disclosing extensive financial data about transactions, is advantageous to Moonpay users.

Any news tip ?

A journalist's credibility is based on their sources and advice. Contact our editor via Proton Mail encrypted, X Direct Message, LinkedIn, or email. You can securely message him on Signal by using his username, Miko Santos.