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Incident: Queensland business loses $1.9M to cyber scam | ARN

Incident: Queensland business loses $1.9M to cyber scam | ARN

Australian Information Security Incident Reported: September 11 2017

The Queensland Police Financial and Cyber Crime Group is warning small businesses of a scam that has cost one local business $1.9 million.

A local company trading in Brisbane has been targeted in a cyber attack that saw malware access its systems in order to acquire the business client list.

In this particular attack, the perpetrator accessed the invoice template the company issues to its customers and modified the account details. The cyber culprit then forward that email to companies on the business’s client list, which ultimately resulted in this business losing almost $2 million.

Source: Queensland business loses $1.9M to cyber scam – ARN

About The Author

Steven Kirby

I provide independent and practical consultancy services through raising awareness and fostering the energy for change that delivers improved business management of information security governance, risk and compliance.

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