Australian Superannuation Fraud

Now might be the time to check your superannuation after The Australian Federal Police revealed details about a major fraud and identify theft syndicate operating in Australia.

The syndicate gained access to Australians superannuation accounts and managed to withdraw funds from an unknown number of accounts by changing the person's age to the retirement age.

A Melbourne woman suspected for her involvement in the syndicate will face court tomorrow and could be facing upto 50 charges including conspiracy to cause unauthorised access and/or modification of data.

Authorities say the syndicate acquired stolen identity information on the dark web and used fake email addresses and single use SIM cards to take over accounts.

You can read more about the breach at itnews

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