Australian cyber authorities have warned people and local businesses to take precautions against cybercriminals as they have become more sophisticated in using digital currencies and other methods in their exploit schemes.
The Australian Transaction Reports and Analysis Centre (AUSTRAC), which is responsible for detecting, deterring, and disrupting criminal abuse of the financial system, has released two new guides to help local businesses deal with ransomware attacks and avoid being targeted by criminals using cryptocurrencies, or crypto for short.
AUSTRAC Chief Executive Nicole Rose said lenders should make a report when they suspect that somebody is using digital currencies to launder money, finance terrorism, cash in on scams or pay ransoms.
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