National Australia Bank (NAB) has issued a warning to business owners to remain vigilant as a swathe of new scams are set to impact Australians in 2024. NAB’s fraud and cybersecurity experts have identified six prominent scams, urging business owners to stay vigilant and arm themselves against the evolving tactics employed by scammers. NAB… Read more »
The holidays are fast approaching which means businesses need to ensure they have effective cybersecurity measures in place ahead of the peak season for scams. After a year that saw breaches to some of the largest financial institutions and businesses in Australia, the holidays are set to see a significant rise in cybercrime, warns… Read more »
Aussies have lost a record $3.1 billion to financial scammers in 2022. However, the Australian Competition and Consumer Commission (ACCC) suggests the real figure is likely to be much higher with an estimated 30 per cent of scams going unreported. The findings come from the watchdog’s Targeting Scams report, which combines data from Scamwatch,… Read more »
The festive season is my favourite time of the year. It is a time to celebrate and reconnect with our family, friends and community and the one time in the year where the whole country feels like it is on holiday. In the Southern Hemisphere, it is also called the silly season, on account… Read more »
This year has been rife with scams, data breaches and online fraud, and with the silly season around the corner this is set to intensify, writes Chris Dahl, co-CEO Pin Payments. Last year, Australians lost a whopping $2 billion to scams, according to the ACCC. This year it’s set to get worse with fraudsters… Read more »
With the festive season upon us, small business owners are busier than ever due to eased lockdown restrictions, borders opening, staff shortages and customers ready to fill Christmas stockings. This time of year is also a busy time for two types of scams that target small businesses, email compromise and ransomware scams, warns MYOB’s Head… Read more »
The holiday sales season is well and truly upon us and with it comes scammers in search of unwitting customers, Debbie Wine, CMO of Zip Co Australia shares what to look out for so you don’t fall prey. With Black Friday sales kicking off last week, the holiday shopping season is now in full swing… Read more »
Aussies lost a whopping $851 million to scams and made 444,164 scam reports in 2020 according to a new report by the ACCC. The Targeting Scams report found losses to scammers had increased by 23 per cent from 2019, jumping $176 million on the 2019 figure. The top three scams Australians were most likely to… Read more »
The Australian Competition and Consumer Commission (ACCC) has released its annual Targeting Scams report. The report reveals small business owners are losing up to $11k on average to scammers. The report suggests con artists find small business owners a soft target as they are often time-poor and have fewer resources at hand to combat security… Read more »
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 »
Did you know there are 1000s of cons perpetrated online every day? And whilst ransomware attacks and data security breaches tend to get the majority of headlines, the most common vulnerability for business and consumers alike, is us as humans. Social engineering fraud takes advantage of human nature and makes people ripe for psychological manipulation.… Read more »
Social media comes with some inherent dangers however don’t let that deter you from using it in your business.
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