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25 Aug 099 Minister issues warning on financial and tax cyber crime

In a media release issued on 24 August 2009, the Assistant Treasurer, Senator Nick Sherry, said that an ATO submission to a Parliamentary inquiry highlights the growing dangers of cyber crime to the financial and tax security of individual Australians and also to Government agencies. The ATO provided an unclassified version of its response to the House of Representatives Standing Committee on Communications Inquiry into Cyber Crime last week.

The Minister said that the ATO has put in place a wide range of initiatives to counter financial and tax cyber crime including innovative use of internet banner ads during relevant Google word searches and direct email advisories to domestic and international students. Since 1 July 2008 the ATO has successfully finalised 35 prosecutions - resulting in 29 custodial sentences and $1.5 million in reparation orders.

"The ATO is well resourced with specialist IT staff dedicated to the detection and follow-up of cyber crime," said the Assistant Treasurer.

For a copy of the Minister's media release, No 2009/036, 24 August 2009, go here

To access submissions to the Inquiry, go here


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