Bitcoin fraudster busted
Date published
February 2019
Relevant impacts: Human impact and financial impact
A woman has been charged for allegedly helping a friend “hack” into the online account of a 56-year-old man and transferring $239,000 worth of cryptocurrency into her own account. In a first of its kind case in Australia, the woman pleaded guilty to dishonestly causing a financial disadvantage by deception and knowingly dealing with the proceeds of crime. The woman was convicted and jailed for a maximum of 2 years and 3 months.
Related fraudster personas
Related Countermeasures
Limit access to systems, data, information, physical documents, offices and assets.
Authenticate customer or third-party identities during each interaction to confirm the person owns the identity record they are trying to access.
Automatically notify clients or staff about high-risk events or transactions. This can alert them to potential fraud and avoid delays in investigating and responding to fraud.
These are processes that identify and recover debts owed by staff, customers and third parties.