Cyber fraud a growing risk to Australia's financial markets, report finds

Austrac, the federal government's financial intelligence agency, says foreign crime syndicates are also manipulating markets and laundering money

Australia's multibillion-dollar financial markets are vulnerable to an increasing risk of cyber-enabled fraud, a new report has found.

Overseas-based crime syndicates are also exploiting Australia's financial infrastructure to manipulate markets and launder money, the report by Austrac, the government's financial intelligence agency, found.