Cybercriminals often impersonate trusted businesses, suppliers, executives and colleagues to deceive people into transferring money or sharing sensitive information.
They may spend weeks or months monitoring business communications before changing payment details on a legitimate invoice or payment request, causing funds to be transferred to a bank account controlled by criminals.
Known as Business Email Compromise (BEC), this type of cybercrime can affect businesses of any size. Anyone responsible for processing invoices, managing payments or approving transactions may be targeted.
This is why being ClickFit is so important to help Australians recognise BEC warning signs and protect their business from financial loss.
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