Cybercrime largest bank heists by Dallas Fitzgerald and Tony Vincent
Every 10 minutes, federal police say, cybercrime is recorded
They claim to be head managers and send orders on email accounts that are compromised.
There were 1146 BEC records alone in the last six months and more than $30 million were stolen.
The Superintendent in question advised people to search doubles before money has been moved during the Christmas season.
In Australia, cybercrime has become a big concern, with every 10 minutes, he said.
The annual report of the Australian Cyber Security Center says: 'Cybercrime is one of the most prevalent threats facing Australia and the greatest threat to the general volume and influence of individuals and businesses.'
Australians lost nearly $634 million in cyber scans in 2019, but Australian companies are projected to be worth up to $29 billion per annum for the annual costs of cyber crime, including security incidents.
The failure to investigate its own fraudulent transferee information by a popular crime group in Sydney led to multiple prosecutions following Australia's boldest heist bank.
In the CBD of Sydney, the criminal headquarters of Tony Vincent of "Teflon," a sub-world boss, the police were conducting surveillance on Christmas Eve in2003.
They were shocked to see some leading criminals hurrying to a late-night meeting. Phone calls with police intercepts disclosed that "transfers" were a concern. Police claimed they applied to the manufacture of drugs.
Among those who came that night was the codename "Mr Pink," the son of popular biker boss Felix Lyle, Dallas Fitzgerald. The nation's boldest bank heist had been orchestrated before that day by Vincent and Fitzgerald.
The two had used a technician from Telstra to transfer a certain telefonic line to JPMorgan Bank, where they were allowed to transfer $150 million into Swiss and Greek bank accounts, as well as two in Hong Kong.
Police heard when the Greek account holder ranked Vincent to his side and told him that a "Ltd" had been wrongly added to his personal account information in the transfer instructions with the party.
He told Vincent that he was rumored to be asked by the bank manager at Laiki Bank in Athens to expect 71.9 million dollars from his account. The bank manager said the bank should hate the multi-million-dollar move.
The employees of JPMorgan returned to Athens three days after Christmas to read the fax about the alleged move.
Horrified, the other accounts were transferred to freeze. Millions had already vanished, but the criminal group had refused to move the money into other non-traceable accounts.
Federal agents Brad Kirwan and Scott Miller arrested in August 2005 after almost two years of painful investigations.
Fitzgerald and Vincent were both sentenced to three years in prison for drug offenses.
Miller, who worked for Wickenby Project since then, said, "This is the best job I've ever done."
Kirwan said that "if they can make money they're going to get together to facilitate crime," whether they be drug trafficking, money laundering or cyber-crime, one thing which has not changed with organized crime.