A 31-year-old man has been charged over an $11 million cyber fraud in which he allegedly obtained the financial profiles and identities of more than 80 people to create fraudulent bank accounts and steal from their savings and superannuation accounts.
In one such example he allegedly attempted to move $1.1 million in one man's superannuation account to his own, however the attempt was ultimately unsuccessful, as it was flagged by the bank and stopped. The two authorities formed Strike Force Cedrilla to investigate the alleged fraud, of which alleged victims have been identified in NSW and South Australia. It is also investigating incidents in Victoria, Queensland and Western Australia.After Mr Jones' arrest on Wednesday, strike force detectives raided his home in Erskineville, where he has been living with his partner, as well as his former home in Newtown.
“Cybercrime presents a unique challenge for law enforcement. Identity information is a valuable commodity on the black market and dark web, and anyone who stores this data needs to ensure it is protected," he said.
LucyCormack Quick question: why is this guy's face pixel'd out in the video when you've got a clear photo of his face at the top of the story? Not complaining, just asking how or why this contradiction occurs?
LucyCormack Hands remove
LucyCormack Not a drop in the ocean of how much the banks stole.
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