The email, delivered at a rate of thousands per minute, indicates that an invoice has been issued and requires payment.
Various iterations of the email have been sent across the morning, with different company names and invoice amounts being used. This is most likely an attempt to outrun antivirus software.
The fake invoice generally tells recipients they owe between $6300 and $6400, with the amount due today.
Adding to the likelihood that some recipients will fall for the scam, the well-formatted fraud email looks like a legitimate invoice from a company using MYOB software. It includes links to the real MYOB website.
But rather than being sent from MYOB, it’s delivered by the newly-registered domain myob-australia.com.
How can I protect myself from these types of email scams?
- Check who it was sent by. Examine the sender or reply-to address and check that it hasn’t been sent from a similar, but recently-registered domain such as mailguard.com instead of mailguard.com.au.
- Be alert for strange sentence structure, or phrasing uncommon to the apparent sender
- Never sidestep formal processes for payments. If in doubt, ring the apparent sender. If they’re not available, wait until they are. An enormous transfer is better to arrive later than to be lost without a trace to an overseas cybercriminal.
- Implement scam-proof approvals processes for financial transfers such as two-factor authentication, which requires two employees to sign off on wire transfers
- Education is imperative. Teach staff and employees what fraudulent emails look like. Here’s a good place to get started: Spot the scam.
- Ensure your email security is up to scratch. A cloud-based, AI-based threat detection service such as MailGuard will protect your staff in real-time from targeted attacks, without the dangerous time-lag common with signature-based antivirus vendors.
Click here to download your free executive guide, Surviving the Rise of Cybercrime, by MailGuard CEO and founder Craig McDonald.
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