Each month, the team at Eftsure monitors the headlines for the latest accounts payable (AP) and security news. We bring you all the essential stories in our cyber brief so your team can stay secure.
Schools have become a prime target for hackers, who exploit the valuable troves of personal data held by educational institutions. Sensitive student and parent information is being weaponised for identity theft and financial fraud. This escalating threat highlights the need for stronger data protection practices across the sector. Find out more about the risks schools are facing and how organisations can respond effectively.
Reports of financial fraud are surging, with many cases involving sums over $100,000. This troubling trend signals the growing sophistication of fraud tactics and the urgent need for finance teams to bolster monitoring systems. The Australian Financial Complaints Authority has raised concerns, warning organisations to stay vigilant and proactive.
Hackers are leveraging AI tools to create highly targeted phishing emails, often designed to evade traditional detection systems. These campaigns, which exploit trusted platforms like Gmail, highlight the increasing need for advanced cybersecurity defences. Learn more about these sophisticated AI-enabled attacks and how to protect your organisation.
The proliferation of deepfake technology poses unique risks for finance teams, including challenges to authentication and fraud detection protocols. A recent analysis explores how finance professionals can strengthen their processes to mitigate the threat posed by manipulated audio and video.
A UK-based AI company reported a devastating $250,000 loss after attackers exploited weaknesses in its payment systems. Hackers appear to have infiltrated the network, misdirected a wire payment, deleted emails and potentially accessed sensitive files, with potential ongoing financial implications.
Teiss provides insights into what went wrong and how organisations can better secure their financial systems.
A sophisticated business email compromise (BEC) scam led to a $2 million loss for a hospital after fraudsters manipulated email communications to redirect payments. This high-profile case highlights the importance of verifying transactions before processing them. Read the full story to see how this fraud unfolded and the lessons it offers for other organisations.
According to the Australian Signals Directorate’s annual cybercrime report, incidents decreased by 7% to 87,400, but daily hotline calls rose to 100. Business email compromise remains a critical threat, with small businesses particularly vulnerable to growing financial impacts.
Each month, the team at Eftsure monitors the headlines for the latest accounts payable (AP) and security news. We bring you all …
The finance industry is undergoing a major transformation thanks to the rapid adoption of AI technology. Much of this trend has been …
Discover how Australia and the US are tackling payment fraud, using the UK’s proactive measures as a benchmark. Learn why prevention is key to staying ahead of scams.
Eftsure provides continuous control monitoring to protect your eft payments. Our multi-factor verification approach protects your organisation from financial loss due to cybercrime, fraud and error.
