Headlines on Tap

 

 

Curated by Dev Odedra.

 

 

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Read this from the investigative reporting team at the Australian Broadcasting Corporation.

Don't skip. And think while you read (or listen to the podcast if you prefer)

https://www.abc.net.au/radionational/programs/backgroundbriefing/inside-the-staggering-tax-scam-where-the-homeless-are-made-comp/11963044

FCRO Subsection: 

Greetings,

I hope my email will arrive to you at good time. My name is Sufian Allaw
from Damascus Syria. I was the former oil minister of Syria Republic.

FCRO Subsection: 

You'd think that marketing people that make specific assertions in their material would ensure that those assertions are true.

Meet PapaWP which uses a .org address (it's not an "organisation" in the sense that .org addresses are supposed to represent). And that's not its only failure.

CoNet Section: 

Russian criminals are offering a service of downloading entire websites and breaching the intellectual property rights of website content owners.

But that's not the only fascinating thing about the criminals' approach.

Basically, they are selling the rod and line to phishermen.

Want to create a fake bank website complete with contact forms? Here's how....

A warning from Vortex Centrum Limited, publisher of PleaseBeInformed.com and its various publications.

CoNet Section: 

As the novel coronavirus bug bites, everywhere from restaurants to shops to hotels are suffering from a downturn in business.

But, as these photos show, the one place one would expect to see concentrations of travellers are deserted, too.

CoNet Section: 

It's 5:30 pm on a Friday. You want to go to the pub. Your boss sticks his head over the top of your cubicle "Big client; important matter, urgent - can you handle it?"

CoNet Section: 

The mail looks very real - but obviously isn't as this publication doesn't bank with Standard Chartered. But what arrived in one of our inboxes a few minutes ago is a very active threat.

BIScom Subsection: 

Some years ago, we asked a question : how come a new team with no track record can get sponsorship from major corporations when more established teams, with a track record, struggle?

Now, by a roundabout way, that question might be under investigation by anti-corruption authorities in several countries.

Oh, good grief. Surely God doesn't have much to do with this idiot.

FCRO Subsection: 

A deferred prosecution is a device used by prosecutors to allow suspected criminals to buy what amounts to a judicially approved arrangement to avoid prosecution so long as the accused meets certain conditions for a certain period of time. Critics (of which this newspaper is one) see it as a bribe; supporters see it as a way of compelling the accused to do whatever it is that the prosecuting authority wants. Developed in the USA, there is a global move towards adoption of this tactic. The former head of the UK's Serious Fraud Office was a fan; he's been replaced by an American who has been immersed in this system. How's it going?

Seriously: if there is a way to stuff up, it seems as if FinTech giant PayPal is working hard to implement it. Here's the "Virtual Agent." Remember: this is, at its heart, a tech company.


"Need more help?" says the PayPal page. Another quality control failure....

In or about 2003, I closed our publishing company's account with PayPal because they kept blocking the account. At the time, PayPal wasn't the enormous global powerhouse that it has become. It was, essentially, a bunch of nerds for whom compliance and risk management was a nuisance. When electronic money started to exercise the US government's collective mind, PayPal found that it needed some risk management processes. They didn't do it properly. Then, later, when PayPal expanded into Europe, it migrated our account to its EU operations and put money laundering, etc. risk and compliance in Dublin where they set up systems that were not only rubbish but sent out letters referring to non-existent legislation. But now, a piece of essential third party produced software is pushing us towards at least opening, even if we don't use it, a PayPal account. How hard can it be? Surely they have learned something in...

The logic failures in some spam-scams are astounding. This one is so stupid that we just had to tell you about it.

FCRO Subsection: 

"We discovered that our data source was modified by an unauthorized agent" says the e-mail that purports to be from LinkedIn. But it isn't. And there's even a little hint at the end to prove it.

IMPORTANT UPDATE

CoNet Section: 

There is a long line of failures to properly plan before implementation - and of fundamental failure to understand the basics of a business or issue before launching a system.

We need to stand back, to take stock. We need to rethink our entire approach to management especially risk management. It's time to get back to basics.

BIScom Subsection: 

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