[Year 12 IPM] 'YOUR MONEY AND YOUR LIFE'

[Keith Richardson]

Thank you Therese - certainly a 'must-watch'!
Keith



On Fri, 12 Aug 2005 10:59:04 +1000, "Therese Keane"
<keanet at kilvington.vic.edu.au> said:
> You may find Monday's Four Corners to be of particular interest as a
> resource to use in the classroom.
> 
> ________________________________________
> 
> Therese Keane
> 
>  
> 
> Director of Information Technology
> 
> Kilvington Girls' Grammar
> 
> 2 Leila Road
> 
> Ormond, Vic 3204 
> 
>  
> 
> Phone: +61 3 9578 6231
> 
> Fax:     +61 3 9578 3378
> 
>  
> 
> www.kilvington.vic.edu.au
> 
>  
> 
>  
> 
> 'YOUR MONEY AND YOUR LIFE' - 4 CORNERS MONDAY 15 AUGUST 
> 
> Next on Four Corners: Quentin McDermott investigates cyber-fraud, the
> crime of the 21st century, revealing a new security breach involving
> Australians' personal data.
> 
> "Bad guys are winning the war. There's no question bad guys are winning
> the war..." - data security consultant Alan Paller.
> 
> 
> It's a global war being fought by governments, police, spies and the
> titans of banking. The enemy is everywhere in cyberspace. 
> 
> If you hold a credit card, or use the Internet for financial
> transactions, you are a potential victim. At stake is not only your
> money, but your identity.
> 
> In Australia, credit card fraud and identity theft cost hundreds of
> millions of dollars a year. Internationally, some estimates put the cost
> of cyber-related identity theft at more than $200 billion - bigger than
> the entire cocaine market.
> 
> Recently about 130,000 Australians became casualties of a massive theft
> of data that compromised the details of up to 40 million people
> worldwide. Cyber criminals hacked into a US-based credit card processing
> company, CardSystem Solutions, which processed transactions for Visa and
> Mastercard. This crime was first detected not in America but in the
> backrooms of the National Australia Bank's Melbourne fraud unit.
> 
> High tech variations on old con tricks abound. One of the biggest is
> "phishing". It's the email offering you something or, worse, pretending
> to be from a reliable source like your bank or insurance company. The
> email directs you to a website that looks genuine and invites you to
> submit further personal details. Some of these phishing web pages are so
> sophisticated that they sit like parasites on the real websites of
> reputable companies and institutions.
> 
> Such techniques are not solely for greedy but peaceful hackers. Four
> Corners examines the potential for terrorists to accumulate funds
> through cyber-theft. One of the convicted Bali bombers has already
> written a how-to guide for young jihadists.
> 
> Can cyber-theft be countered? Experts who police the net are
> pessimistic, not least because so much personal data now exists in
> insecure data banks around the world. Recently the Sun newspaper in the
> UK exposed a data-selling racket by employees of Indian call centres
> that service large global companies.
> 
> Now Four Corners has obtained evidence that individual Australians'
> private data is for sale on the international market to anyone who is
> willing to pay for it.
> 
> If, like many Australians, you're in the habit of giving out information
> to perfect strangers, this report will make you think again.
> 
> Quentin McDermott reports on 'Your Money and Your Life' - Four Corners,
> 8.30pm Monday 15 August, ABC TV.
> 
> This program will be repeated about 11pm Wednesday 17 August; also on
> ABC2 digital channel at 7pm and 9.15pm Wednesday.
> 
> 
> 
> 
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Keith Richardson
IPM List Moderator
Head of ICT, Leibler Yavneh College
Elsternwick
Ph: 03.9528.4911
k.richardson at yavneh.vic.edu.au