A sophisticated online phishing scam which hit Westpac has been scuttled but it's unclear if customer accounts were compromised.
At least four Australian teenagers have been arrested for their alleged part in an Internet banking scam that has generated millions of dollars.
The Web site of a US Sheriff is the latest to be hacked and used in a phishing scam targeting Australians.
Banks and security experts cannot agree wether it is safe for banks to continue using e-mail for communicating with their customers because the medium has been hijacked by criminals who try and fool online banking users into divulging their log in details.
Malware-led attacks will increase as cybercriminals respond to tougher security measures, including two factor authentication, according to the Commonwealth Bank's head of e-commerce.
It took help from three security experts, Citibank's spokesperson, dozens of e-mails and almost a full working day of investigation to confirm that an e-mail I had seen from Citibank was not actually a clever phishing attempt.
Westpac, one of the biggest banks in Australia, experienced multiple hardware failures on Monday and at the end of last week, which caused its online banking service to fall over for hours at a time. What happened to its backup systems?
Don't expect Internet scams, hackers, trojan horses and the like to vanish overnight. The challenge is for banks and customers to minimise their exposure to losses. But how?
Online fraudsters are getting smarter and the current round of "phishing scams" may just be the start, according Australian High Tech Crime Centre (AHTCC) head Alastair MacGibbon.
It is quickly becoming the norm for Australia's largest banks to offer discounts on or completely free computer security software to boost internet banking security. The question is, why?
Peter Cullen, the company's chief privacy strategist, explains how Sender ID can take a bite out of spam and phishing.
There are some security practices every worker should be aware of. ZDNet Australia offers an easy step-by-step guide to make educating your employees easy.
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