Business losses to email spoofing scams skyrocket: ACCC

By Matt Johnston on Nov 26, 2018 11:12AM

ACCC reports $2.8m lost since January, with more to come.

The Australian Competition and Consumer Commission is calling for an urgent review of the way businesses verify and pay invoices following a 30 percent increase in the number of business email compromise (BEC) scams this year. The ACCC's Scamwatch has received reports of BEC scams totalling $2.8 ...

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