HACKERS STEAL $500,000 FROM PENSIONERS IN AUSTRALIA CYBERATTACKS. (PHOTO).

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  Hackers Steal $500,000 from Pensioners in Australia Cyberattacks Australia's largest pension funds have suffered a wave of coordinated cyberattacks, compromising over 20,000 member accounts and resulting in financial losses, including the theft of A$500,000 from four individuals. Hackers reportedly targeted major funds such as AustralianSuper, Australian Retirement Trust, Rest, Insignia, and Hostplus—collectively managing more than A$873 billion in retirement savings. AustralianSuper, which oversees A$365 billion for 3.5 million members, confirmed that about 600 accounts were breached using stolen login credentials.
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ALLEGED N1.4BN FRAUD: WITNESS REVEALS HOW KOGI ASSEMBLY CANDIDATE 'ATUMEYI ' FRAUDULENTLY BENEFITED N681M FROM CUSTOMERS ACCOUNTS. (PHOTO).#PRESS RELEASE.

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Alleged N1.4bn Fraud: Witness Reveals How Kogi Assembly Candidate, Atumeyi Fraudulently Benefitted N681m from Customers’ Accounts

The first prosecution witness, PW1, Olusegun Falola, in the ongoing trial of Ismaila Yousouf Atumeyi, a Kogi State House of Assembly candidate of the New Nigeria Peoples Party, NNPP, and two others, on Monday, January 31, 2023, told Justice Tijani Ringim of the Federal High Court sitting in Ikoyi, Lagos how the sum of N681m (Six Hundred and Eighty-one Million Naira) was paid into Atumeyi’s business account.

Atumeyi is standing trial alongside Ngene Joshua Dominic and Abdulmalik Salau, a former employee of Union Bank Plc,on an 18-count charge bordering on alleged cybercrime and money laundering to the tune of N1.4bn.

Led in evidence by the prosecution counsel, Rotimi Oyedepo, SAN, Falola, an Internal Auditor and Team Lead, General Investigations, Union Bank Plc, told the court that “sometime in October 2022, during the periodic internal review of accounts of customers, we observed that some accounts that were placed on No-debit were debited.

“In the course of our review, it was observed that the methodology employed in debiting the said accounts was different from the way accounts are being debited in the normal banking activity.



 

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