That’s why Eftsure is partnering with Scamwatch this Scams Awareness Week. We are committed to doing everything possible to prevent identity theft, whilst ensuring AP teams are equipped to stop BEC scams.
Business in the Crosshairs
To any business leader who thinks scams only affect naïve individuals, it’s time to think again!
Scams are run as professional, organised businesses. Like any business, they have strategies in place that seek to maximise revenue. That means it’s not just individuals they are targeting. They also seek substantial revenue by targeting organisations with deeper pockets. This means that business is now in the scammers’ crosshairs.
That’s an important lesson business leaders need to understand according to Peter Price AM, the CEO NSW and Director Australia of CrimeStoppers.
Which Businesses Are Most at Risk?
If you think scammers are only targeting large organisations, you would be wrong.
In fact, the latest Annual Cyber Threat Report 2022 clearly shows that medium sized businesses are losing an average of 42% more than larger organisations. A medium sized business employs between 20 and 199 staff.
Not only that, but BEC victims in Western Australia lose substantially more than those in any other state or territory.
The average amount lost due to BEC in Western Australia is $112,000. That’s 62% more than losses incurred by BEC victims in NSW!

With BEC scammers successfully targeting organisations of all sizes, right across Australia, and with unprecedented losses, there’s no room for complacency. Every business executive needs to be proactive in stopping the threat.
How Can Eftsure Help?
Eftsure is Australia’s leading organisation committed to stopping BEC.
With Eftsure sitting on top of your existing accounting processes, you gain unprecedented visibility over external payments. In real-time, you can see whether the funds being processed by your AP team are being sent to the intended recipient or supplier.
A simple ‘thumbs-up’ indicates that others have successfully sent funds to the same recipient using the same bank account information.
A red ‘thumbs-down’ indicate that the recipient’s bank account details do not align with the information in our proprietary database, giving you time to pause the payment and investigate it further.
To learn how Eftsure can protect you from surging BEC rates, contact us today.