Crypto Crimes on the Rise in Australia

Crypto Crimes on the Rise in Australia
Hacker on laptop display. vicky gharat/Pixabay
Alfred Bui
Updated:

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.
Alfred Bui
Alfred Bui
Author
Alfred Bui is an Australian reporter based in Melbourne and focuses on local and business news. He is a former small business owner and has two master’s degrees in business and business law. Contact him at [email protected].
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