Cyber security is vital to all businesses as no company is immune to cyber attack.
Businesses are increasingly targeted. In 2019, business email compromise scams caused the largest losses in Australia of any scam type. The most financially damaging scams involved invoices between businesses, suppliers or individuals being intercepted and amended with fraudulent banking details.
LOST ON BUSINESS EMAIL COMPROMISE SCAMS
LOST BY AUSTRALIANS TO SCAMS IN 2019
INCREASE ON 2018
Australian Competition & Consumer Commission 2020