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Category: Email Spear Phing and Business Email Compromise (BEC)

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Incident: Medicinal cannabis company Cann Group loses $3.6 million in “sophisticated” cyber attack | SmartCompany

Australian Cybercrime February 2021: Medicinal cannabis company Cann Group loses $3.6 million in “sophisticated” cyber attack. Experienced a major cyber security incident involving a third party that stole $3.6 million in transactions meant for a contractor.

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Incident: Levitas Capital closing after fake Zoom invite sinks $16m super fund investment | news.com.au

Australian Zoom Compromise November 2020: Levitas Capital closing after fake Zoom invite sinks $16m super fund investment. A fake Zoom invite has forced a Sydney hedge fund to close up shop after cybercriminals found a way into their emails in September

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Gone in 15 seconds: why faster bank transfers make Australia an even bigger target for email fraud | CSO

​ Business email compromise (BEC) attacks have become the most lucrative form of cybercrime for increasingly meticulous, strategic criminals – and forthcoming changes in Australian banking settlements will turn local businesses...

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