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fake invoice scamsHome
•79% Informative
Business email compromise (BEC) attacks and fake invoice scams have become increasingly common in Australia .
More than 2,000 BEC attacks were reported to government cyber security incident portal ReportCyber during fiscal 2022-23 alone.
The ACCC recently issued an advisory that Australians check payment details directly with a company before paying them.
The FBI 's latest Internet Crime Report noted 21,489 BEC complaints with losses of more than $4.5 billion .
Pegasystems joins the rush to integrate GenAI technologies into its fraud detection tools.
Banks will be able to more easily generate reports for regulators and customers, says Tanner.
“That’s where the banks have got a pretty strong part to play, and I think they are really taking that very seriously at the moment”.
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