Theft of cryptocurrencies from exchanges soared in the first half of this year to three times the level seen for the whole of 2017, leading to a three-fold increase in associated money laundering, according to a report from U.S.-based cybersecurity firm CipherTrace released on Tuesday.
Commonwealth Bank of Australia has blamed a software ‘coding error’ for the ‘vast majority’ of the anti-money laundering and counter-terrorism (AML/CT) financing law breaches it has been accused of by AUSTRAC.
A new survey paints a gloomy picture for Australian organisations, which were found to experience cybercrime at double the global rate, with 65 per cent attacked in the last 24 months compared to 32 per cent globally.