More than half (53%) of small business owners are worried about being scammed Yet only a third train staff in scam awareness and prevention Australian SMBs lose an average of nearly $40,000 per scam Scams on small businesses are costing owners more than $20,000 a scam according to new research from Westpac. The Westpac State… Read more »
According to cyber insurer Edmund, the fastest growing fraud threat for small business is social engineering fraud. These attacks occur when criminals pretend to be customers, suppliers or high-profile individuals within businesses and trick staff into paying large sums of money into the attackers’ bank accounts Falling victim to a cyber attack is unpleasant and… Read more »
The Phoenix Taskforce is working to stamp out illegal phoenix activity which costs the Australian economy around $3.2 billion each year.