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How your trusted logo stops cyber-scammers in their tracks – Promoted Content

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The rising tide of cybercriminals attacking email’s foundation of trust threatens to overwhelm internet users and organisations.

So-called ‘business email compromises (BEC) scammed 4,255 Aussies of $142 million last year, reports the Australian Cybersecurity Centre (ACSC).

BEC is a common attack (that) targets businesses and their employees for financial gain, by using socially engineered messages or compromised email accounts,” says the ACSC about scams that “fraudulently … redirect funds into bank accounts controlled by the cybercriminal”.

“The ACSC and our law enforcement partners have seen a significant increase in BEC over the last 12 months and expect these incidents will continue to increase in prevalence.”

Criminals are now adept at sidestepping user-awareness training and cybersecurity point solutions, using targeted approaches (‘spearphishing’) that leverage personal and professional…

Click here for full article…www.itnews.com.au