Email: the skeleton key to your company’s data & dollars

Posted by Craig McDonald on 16 July 2018 10:33:31 AEST
  • Phishing
  • Brandjacking
  • CEO fraud

All these kinds of cybercrime are perpetrated using email as their primary vector.

Every business is constantly sending and receiving emails, it’s part of the background noise of everyday work, so it’s a powerful tool for criminals who want to slip under the wire and attack a company from the inside out.

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Attention: unusual activity on your email account - click here

Posted by Craig McDonald on 05 July 2018 11:00:01 AEST

 

Does defeating cybercriminals mean we need to try thinking like they do?

The kind of people who commit cybercrime aren’t CEO material. They aren’t even necessarily the I.T. whiz or hacker type; cybercrime doesn’t require a serious technical skill set. The crooks behind online fraud attacks are using technology, certainly, but they are consumers, not experts.

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How hard/easy is it to defraud your company?

Posted by Craig McDonald on 07 June 2018 14:23:59 AEST


You have your solicitor look over contracts before they’re signed.
Your accountant examines your books to find any irregularities.
There are checks and balances in place to monitor purchases, invoicing, payroll and transactions of every kind.
You’re confident that your company’s financial integrity is well protected, but what about the online realm?

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FBI stats: email fraud still #1 cybercrime

Posted by Emmanuel Marshall on 23 May 2018 12:29:31 AEST


The latest
report released by the FBI’s internet crime division - IC3 - reveals that email-based social engineering attacks were the most commonly reported cybercrime category in 2017.

IC3 received 300,000 complaints in 2017, representing estimated losses of more than US$1.4 billion.

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One email can take down your business: social engineering

Posted by Craig McDonald on 05 March 2018 14:03:48 AEDT


Last December, cybercriminals stole millions of dollars from several law firms with a simple email scam.

The scammers phoned the lawyers and asked them for legal advice. After a conversation over the phone they promised to email the lawyers some ‘important documents’ related to their cases. When the lawyers opened the emails they found links that pointed to documents stored on an online file sharing site that required them to enter their email account passwords to gain access.

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CEO fraud attacks up 2,370% since 2015

Posted by Emmanuel Marshall on 01 March 2018 16:30:55 AEDT


Friday afternoon at a typical office in Sydney, Australia. Most of the staff have left to start their weekends when a junior accountant sees an email appear in her inbox. She hesitates for a moment but then she notices that it’s from the company’s CEO.

‘Are you still in the office?’ the message reads. ‘Sorry to keep you back on a Friday night, but this is urgent: I need you to make a wire transfer for me immediately in the amount of $45,000 to my broker in London.

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1 Fraudulent Email = $1 Million Lost

Posted by Craig McDonald on 28 December 2017 10:48:37 AEDT


There’s a striking cybercrime case in the headlines this week involving email fraud.

John Kahlbetzer - one of the richest people in Australia according to Forbes - lost AU$1 million in a scam that was as simple as it was effective.

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Craig McDonald to Speak about Cybercrime Prevention at AIM WA Seminar

Posted by Emmanuel Marshall on 17 November 2017 13:57:58 AEDT

 

On Tuesday (21 Nov) MailGuard's CEO Craig McDonald - author of ‘Surviving the Rise of Cybercrime’ - will be speaking at a leadership seminar hosted by the Australian Institute of Management Western Australia (AIM WA).

The AIM is an international not-for-profit organisation dedicated to facilitating thought leadership in the management sphere.

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Why your cybersecurity plan needs expert oversight

Posted by Jaclyn McRae on 18 May 2017 11:26:53 AEST

 Once considered the bastion of the IT department, cybersecurity has quickly surged up the chain of command to become a leadership concern.

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Infographic: Counting the costs of cybercrime

Posted by Jaclyn McRae on 18 May 2017 09:37:24 AEST

 When two of the world’s biggest tech giants are each duped $100m in a phishing scam, the world takes note.

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Think cybersecurity isn’t your problem? Here's why you're wrong

Posted by Jaclyn McRae on 04 April 2017 10:25:24 AEST

Email fraud, attacks, shutdowns, disruptions. They’re increasingly common occurrences, often with surprisingly innocuous beginnings.

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Why CFOs are the new honeypot for cybercriminals

Posted by Jaclyn McRae on 21 March 2017 17:02:50 AEDT

Less than 60 seconds. That’s all it takes for someone in a faraway place to infiltrate your system and raid your data, should you click the wrong email link.

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