BRIEFS

The article says a cyber criminal network used a fictitious Australian company and nearly 100 money mules in the US to help hackers in Ukraine and Russia steal more than US$1 million from a public hospital in Washington state last month.

According to the article, the accomplices in the US were hired through work-at-home job scams run by a crime gang, which was how the network recruited nearly 100 people to act as money mules.

No. The article specifies that the company used at the centre of the scheme was a fictitious Australian company, not a real firm named in the report.

Tapestry.net is described in the article as an Australian-developed social network designed for seniors, aimed at providing community-focused online features for older users.

Tapestry.net secured $400,000 in funding from Commercialisation Australia, according to the article.

The article says 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.

The article quotes Opposition communications spokesman Malcolm Turnbull and Communications Minister Stephen Conroy trading barbs about upload speeds—Conroy said Turnbull 'doesn't want to talk about upload speeds because it's like a wooden stake to a vampire,' while Turnbull replied that the idea everyone must be on fibre to the premises to have a strong digital economy 'is nonsense.'

From the article: cybercrime can involve large losses and complex international networks using money mules; government grants like Commercialisation Australia’s $400,000 can fund tech startups such as Tapestry.net to expand platforms and grow internationally; and policy debates over NBN technology and upload speeds remain politically charged and relevant to discussions about the digital economy.