Australian Information Security Incident Reported: August 13 2018

Sage and Clare owner Phoebe Bell says she feels ‘stupid and naive’ after paying $10,000 into what she thought was a supplier’s account.

“It totally shocked me. I never saw, or thought, this could have been a scam,” Bell says.

Bell believes her business was the victim of a targeted scam, where a third party has probably hacked emails and read through months of correspondence so when a business like Sage and Clare placed an order, they could intercept the details and redirect payment funds.

Source: ‘Devastating blow’: Homewares business hit by apparent email scam