
FBI: BEC now a $26 billion fraud, as HR payroll diversion attacks linked to same scammers
Business email compromise fraud shows no signs of slowing, according to new figures from the FBI.
Business email compromise fraud shows no signs of slowing, according to new figures from the FBI.
Criminals listen to FBI advice to tackle email fraud by picking up the phone
Despite growing awareness, scammers are managing to steal more from Australians than ever
David Braue | 28 Aug | Read more
Australian businesses lost more than $7.2 million to email scammers last year and Australians are being hit harder by fraud than peers in many other countries, according to new figures that also flagged a 53 percent jump in business email compromise (BEC) last year.
David Braue | 01 May | Read more
LockerGoga could create a sharp pain for businesses in the short term.
Business email compromise (BEC) scams account for more than half of total losses
The cyber attack on Australia’s Parliament House was all over the mainstream news, with the government careful not to rush to attribute the incident to China despite whispers to that effect.
David Braue | 18 Feb | Read more
Email fraudsters cost a woman her job and her employer a ton of money.
Scammers exploit Google's Gmail policy on dots in email addresses to ramp up fraud campaigns.
Surging business email compromise (BEC) losses are pushing businesses and government agencies towards “aggressive” adoption of DMARC anti-fraud technology, a security expert has observed while noting that new figures suggest 61 percent of Australia’s largest organisations are leaving themselves wide open to email fraud.
David Braue | 21 Sep | Read more
Concerted education campaigns and increasing technological familiarity are doing nothing to stem the uphill battle against escalating fraud, with new figures confirming Australians were fleeced out of $340 million by scammers in 2017 alone.
David Braue | 22 May | Read more
Significant AI investment encourages security vendors, but many Australian companies still doubt the technology’s value despite its value in stamping down non-malware cybercrime
David Braue | 10 May | Read more
Another 159 money mules arrested, nearly all moving cybercrime proceeds
Revelations that 30GB of sensitive Australian military data were exfiltrated from a subcontractor have underscored the risk faced by Australian companies that continue to leave themselves exposed by failing to employ “established and relatively straightforward cyber security measures”, the federal government’s peak cybersecurity body has warned as new data points confirms that local businesses are seeing increasing losses to cyber-attackers.
David Braue | 06 Nov | Read more
Business email compromise (BEC) attacks have become the most lucrative form of cybercrime for increasingly meticulous, strategic criminals – and forthcoming changes in Australian banking settlements will turn local businesses into globally appealing targets, a security executive has warned.
David Braue | 19 Oct | Read more