Australia sets up specialist cyber unit to trace terrorism payments


  • TECH
  • Tuesday, 09 Aug 2016

A delegate at the FireEye Cyber Security Summit uses his laptop during a break in sessions at a venue in Sydney, Australia, March 17, 2016. REUTERS/David Gray

SYDNEY: Australia has set up a cyber-intelligence unit to identify terrorism financing, money laundering and financial fraud online, the government said on Aug 9, because of "unprecedented" threats to national security. 

The measure expands on a major platform of conservative Prime Minister Malcolm Turnbull, who narrowly won re-election last month after promising to improve Australia's cyber security and transform the economy into a tech-savvy business hub. 

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