Crime By Numbers: Unravelling million-dollar man in the middle schemes, the invoice fraud that costs millions
Release Date: 10/02/2023
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Federal Budget 2024: CPA Australia’s expert analysis
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info_outlineThis is a special cybersecurity awareness month edition of With Interest.
Governments, businesses large and small, and individuals – no-one is safe from man in the middle attacks. Just ask Google, Facebook or Puerto Rico.
Also known as payment redirection or invoice fraud, these schemes are devasting, highly profitable, growing and evolving.
Join our cyber and consumer experts to find out what it takes to defeat these money mules.
Tune in now.
Host: Jacqueline Blondell, Editor, CPA Australia
Guests: Alastair MacGibbon is Chief Strategy Officer at CyberCX. He’s has spent 20 years in the cyber security space, including as a former special advisor to the Australian Prime Minister on cyber security.
Delia Rickard is a former Deputy Chair at the Australian Competition and Consumer Commission (ACCC) and has spent a decade fighting scammers.
Show notes
The ACCC’s Scamwatch website includes fraud prevention advice, case studies and up-to-date data on what different types of frauds are costing the Australian people.
If you’d like to read more about invoice fraud, including the schemes discussed in this episode, these links have information through press releases, documents and news articles.
- · Puerto Rican fraud https://www.nytimes.com/2020/02/13/us/puerto-rico-phishing.html
- · https://www.trendmicro.com/vinfo/hk-en/security/news/cybercrime-and-digital-threats/puerto-rico-loses-millions-in-email-scam
- · https://www.nbcnews.com/news/latino/puerto-rico-says-it-was-scammed-out-2-6-million-n1136191
- · Toyota fraud Toyota Parts Supplier Hit By $37 Million Email Scam (forbes.com)
- · https://www.cpomagazine.com/cyber-security/toyota-subsidiary-loses-37-million-due-to-bec-scam/
- · Facebook, Google fraud Lithuanian pleads guilty in U.S. to massive fraud against Google, Facebook | Reuters
- · Barbara Corcoran fraud How Barbara Corcoran almost lost $400,000 to an email scam (cnbc.com)
- · Phishing in Australia Phishing - scam emails | Cyber.gov.au
CPA Australia publishes four podcasts, providing commentary and thought leadership across business, finance, and accounting:
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