Crypto address poisoning fraud concerns and prevention
Harry wants to send 2 bitcoins to his mate Sam; he has interacted with Sam’s wallet address in the past, and their previous transactions have both incoming and outgoing transfers…
Wallet Dusting, Fraud, and Privacy: What You Need to Know
A mate of mine enquired about microscopic amounts of crypto suddenly appearing in his Uniswap wallet. They are usually random cryptos and are identified as Dust. So, what does having…
Reflections on CryptoCon Sydney 2024: Key Insights and Takeaways
The CryptoCon Sydney event in 2024 brought together crypto enthusiasts, investors, tax experts, financial crime specialists, and people from all walks of life to explore strategies and challenges shaping the…
High-level summary of the EU AI Act
https://artificialintelligenceact.eu/high-level-summary The AI Act classifies AI according to its risk: The majority of obligations fall on providers (developers) of high-risk AI systems. Users are natural or legal persons that deploy…
Cyber Security Bill 2024 Australia
The Cybersecurity Bill 2024 in Australia is a comprehensive legislative initiative aimed at strengthening the nation’s cyber resilience and securing critical infrastructure. This bill is a key part of the…
Failure to Prevent Fraud now covered under the ECCTA
UK Economic Crime and Corporate Transparency Act 2023, is now focussing on the new offence of “failure to prevent fraud.” This legislation holds large organizations criminally accountable if an employee,…
Elements of a card and potential fraud aspects related to it?
What is a Card? A quick Introduction A card, credit or debit, is a piece of plastic issued by a financial institution to make payments for goods or services purchased…
Utah based Green Dot – $44m in fines
“Unfair and deceptive” according to the Board of Governors of the Federal Reserve System is how Green Dot Bank and Green Dot Corporation are described in the finding. Find the…
Case Study: The Commonwealth Bank of Australia – Intelligent Deposit machines and the $700m in fines
Introduction The Commonwealth Bank of Australia (CBA) is one of the largest financial institutions in Australia. In recent years, the bank has faced significant scrutiny from regulatory bodies due to…
What is the Nakamoto Coefficient, and why understanding it can prevent you from falling victim to an investment scam or a rug pull?
Named after Satoshi Nakamoto, the pseudonymous creator of Bitcoin, the coefficient is a metric used to measure the decentralization of a blockchain network. It calculates the minimum number of entities…