Money mules

Money mules

A fictitious Australian company is at the centre of a cyber criminal network employing money mules in the US on behalf of hackers in Ukraine and Russia. The hackers stole more than $US1 million from a public hospital in Washington state last month. The cyberheist was carried out with nearly 100 accomplices in the US hired through work-at-home job scams run by a crime gang.

Tapestry fund, an Australian-developed social network for seniors, has secured $400,000 in funding from Commercialisation Australia. The grant will be used to extend the online network to multiple platforms including iPad and iPhone, add community-based features and accelerate the company's international growth.

NBN bites

Opposition communications spokesman Malcolm Turnbull doesn't want to talk about upload speeds "because it's like a wooden stake to a vampire", Communication Minister Stephen Conroy said. Mr Turnbull hit back: "The idea that you've got to have everyone on fibre to the premises to have a strong digital economy is nonsense."