PERSONAL details of thousands of Australians are being sold to international crime syndicates siphoning millions of dollars from retirees and naive investors.
The nation’s peak crime body says the Federal Government’s databases are also at risk of being hacked.
The Galilee taskforce, involving 19 state and federal agencies, was set up last April and has uncovered 2400 victims.
Of 800 companies, 51 are superannuation funds that have lost $113 million.
Individual losses range from $35,000 to more than $4 million.
Some have been cleaned out of retirement funds and superannuation.
Offshore “boiler room” scams involve cold-callers luring unsuspecting people by promising large returns.
Australian Crime Commission executive director Paul Jevtovic told the Herald Sun databases were being sold off to international crime groups by corrupt staff.
“(They are) cultivating people in organisations who may … have access to that kind of data,” he said.
Sophisticated cyber operating systems also allowed frauds to hack into databases and steal data.
“Countries like Australia are at a high risk because we are a healthy economy and (we) live relatively well in a global context,” he said.
Many details distributed to criminals are collected from information given in surveys.
Attorney-General Nicola Roxon said that federal anti-corruption laws were among the best in the world and there were plans to make them even tougher.
Melbourne University associate Professor Fiona Haines, who specialises in corporate crime, called for tougher safeguarding of personal details, saying “evil people” were capitalising on the internet.
“There is a role in government to be very aware of just how much information is being gathered and how secure their systems are,” she said.