Business Email Compromise stories
Businesses are being urged to verify payment requests independently as AI makes phishing emails, calls and chats far harder to spot.
As attackers use AI to speed up phishing and malware, companies are being told that multi-factor authentication and patching matter more than ever.
Australia's new scams rules are adding pressure on firms to detect fraud faster as AI-powered attacks expose weak governance and identity controls.
The tie-up will push AI defences into existing enterprise workflows as security teams try to monitor autonomous agents and limit risk.
Ransomware victims jumped 49% in July as organisations also endured 2,336 weekly cyberattacks and widening AI data exposure.
Industrial firms face growing disruption as ransomware incidents rose 12% to 1,140 in the second quarter, Dragos said.
Organisations preparing October training will get new materials on phishing, deepfakes and reporting from a free package aimed at staff awareness.
Businesses risk sharper losses from phone scams unless staff know to verify suspicious calls using 159, as UK payment fraud hit GBP £1.28 billion.
Customers using Basware should gain stronger protection against supplier payment fraud as its Trustpair deal adds account verification to invoice checks.
Rising scam losses in Australia are pushing businesses to verify texts, images and voice notes before paying or acting on urgent requests.
Most Australian organisations still rely on manual processes, leaving them exposed to AI-automated cyber attacks, according to an Elastic survey.
Targeted fraud is inflicting bigger losses on small firms as AI helps criminals forge convincing invoices and impersonations in Australia.
Fewer Australians can spot property settlement scams, with confidence in identifying them falling to 41% as AI voice fraud worries grow.
Finance teams are being urged to tighten checks as scammers exploit weak controls, with mid-sized firms, charities and public bodies most exposed.
Australians lost AUD $166.8 million to payment redirection scams in 2025, as finance teams struggled to verify supplier bank-detail changes.
Rising scam losses are pushing Australian firms towards stronger payment and login controls as regulators prepare tougher enforcement.
Stolen credentials can become an operational foothold within hours, leaving annual assessments too slow to catch the real attack paths.
Australians lost AUD $2.18 billion to scams in 2025 as fake myGov logins and bogus invoices exploit tax-season urgency, Proofpoint said.
Cybersecurity experts warn single-person approvals are now vulnerable after an AI agent used fabricated identities to slip malicious code past checks.
Average cybercrime losses for large Australian businesses jumped as AI-enabled attacks became a bigger worry than privacy for many boards.