A convincing scam to avoid – ATO

A convincing scam to avoid – ATO

Local accountants Mitchell Wilson shared this warning with me just now that I thought important enough to share with other readers. I appreciate that I post so many warnings but this is in line with the huge volume of scams that are uncovered every day. Forewarned is forearmed. ============================================== We’d like to warn you of an email scan that’s being sent to Taxpayers this tax […]

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Cyber Breaches the new norm

Cyber Breaches the new norm

Further to my recent article (Click here) where Fairfax Media revealed two cases in which more than $1.25 million was stolen from vendors while their properties were being settled on Property Exchange Australia’s PEXA e-transfer system, I am pleased to see that they were able to recover a large proportion of any monies unlawfully taken, however not all. This news also breaks with the announcement […]

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Conveyancing Money Transfer System hacked

Conveyancing Money Transfer System hacked

I have received phone calls and emails from several law firms following the interception and illegal transfer of clients’ money (I understand there have been at least two incidences). Thieves have managed to hack into the software system PEXA (Property Exchange Australia), the nation’s new online property transfer system. The fraudsters had gained access via the conveyancer’s email account, and diverted the money into their […]

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Warning: Suspicious Emails

Warning: Suspicious Emails

These types of malicious emails are becoming more and more common, as well as trickier to pick up when they are real or not. I set out below an example of one which one of our employees received which was in fact a scam/hack email. Luckily, they knew to not click.

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A quick reminder on cyber security

A quick reminder on cyber security

On the one hand as LMI builds our brand in the UK,  I am being inundated by emails regarding the UK Legislation aimed at giving consumers more control over their personal data (General Data Protection Regulation (GDPR)) and at the same time I am getting hit daily with emails pro-porting to be from legitimate companies such as Microsoft asking for me to change or confirm my password. This […]

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Which small businesses have mandatory data breach reporting obligations? + 1st Quarter statistics

Which small businesses have mandatory data breach reporting obligations? + 1st Quarter statistics

Another topic I have written a lot on is the Federal Government’s mandatory reporting regime. I have been asked many times to explain the obligations on small business and so I outline them below. After that I provide some stats at a high level on the first quarter reporting. From 22 February 2018, the Notifiable Data Breaches scheme (“NDB scheme”) requires a wide range of […]

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Are fines imposed on SME’s for data breaches fair?

As from 23rd February 2018 legislation now requires that Australian businesses report data breaches. I have heard that there have already been an average of 10 notifications a week but this figure was on social media and I have not been able to verify the number. I appreciate that we all have a duty to protect the personal data of our customers and employees but I […]

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The major risks facing business in 2018

Business Interruption, cyber attacks, and natural catastrophes are, not surprisingly to us in the industry, the leading business risks this year, according to more than 1,900 risk experts from 80 countries polled for the latest Allianz Risk Barometer. The survey by Allianz Global Corporate and Specialty reveals that cyber attacks and business interruption remain the leading two risks in Australia. What remains disappointing is that […]

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Be aware, Unicode URL phishing scams are on rise!

LMI Group’s head of cyber security has issued the following warning to all of our team on the proliferation of phishing scams out there. This is such an important topic I thought I would share it with you. I found this to be one of the hardest scams to spot and one anyone could easily be caught out.   This is a quick update to inform […]

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Another Phishing attempt on me

Last year I reported on this blog just how close we came to being caught with a phishing (or whaling) attack on us when someone sent and email to our head of finance purportedly from me asking that a sum of money be transferred to a nominated account. Following that we took several internal controls including removing the name of all of our finance team […]

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