Australia’s Cyber-Intelligence Team to Focus on Financial Threats
On August 25, 2016, Australia’s Minister of Finance, Malcolm Keenan, announced that the Australian Transaction Reports & Analysis Centre (AUSTRAC), will be launching a new cyber-intelligence team. Task Force Designated to Take on “Financial Threats” Facing Australia. The team is intended to specialize in gathering information about financial threats to the country as as an additional way of preventing and managing finance-related cybercrime. Some threats the team will attempt to prevent include financial fraud, money laundering, and terrorism financing via the Internet. According to....
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