[LINK] Email Fraud, Very Naive Financial Services Corporation

[Roger Clarke]

Stewart Carter's eCommerce Report 14, 18 of 21 Dec 07
http://www.ecommercereport.com.au/
reports on an interesting case in the Vic Supreme Court.

In McGiddy v. Collins House, NMMT and Axa, a bloke is having to sue 
to get $700,000 of his super fund back.  (No sign of it on AustLII 
yet).

Collins House received an email in 2005, requesting that the money be 
sent to an account in Indonesia.  They sent it.

The email was not from the account that McGiddy had given them.  It 
was from a Yahoo account.  And they took no steps to authenticate it 
by seeking confirmation from McGiddy through some other channel, such 
as, for example, the email-address he'd provided to them.

Remarkable.

-- 
Roger Clarke                  http://www.anu.edu.au/people/Roger.Clarke/

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Visiting Professor in Info Science & Eng  Australian National University
Visiting Professor in the eCommerce Program      University of Hong Kong
Visiting Professor in the Cyberspace Law & Policy Centre      Uni of NSW