CFOtech Australia - Technology news for CFOs & financial decision-makers

Cybercrime stories - Page 16

Any use of network connected electronic devices such as computers or smartphones for criminal activity is classified as cybercrime. With a long history starting with the misuse of telephone systems (such as ‘phreaking’), cybercrime today includes the creation and distribution of viruses, ransomware, keyloggers and other malware, the download and use of malware produced by others, social engineering tactics such as phishing or (physical) impersonation, the theft and use of credentials for accessing computer systems or networks, and the theft of privileged data. Cybercrime is a broad and dynamic field, with cybercriminals constantly adapting their methods in pursuit of usually financial goals, but also occasionally seeking to disrupt, embarrass or shame their targets.
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Australians lose AUD $119 million as cyber scams surge in scale

Wed, 27th Aug 2025
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Australians lost AUD $119 million to cyber scams in early 2025 as attacks grow more frequent and sophisticated, urging tech and awareness measures.
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Most Australians miss scam signs in property settlement emails

Wed, 27th Aug 2025
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A PEXA survey found 97% of Australians in property transactions missed email scam signs during settlements, risking costly losses to cybercriminals.
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Australians lose AUD $175 million to scams as cyber threats soar

Tue, 26th Aug 2025
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Australians lost AUD $175 million to over 108,000 scams in H1 2025, as cyber threats rise amid rapid growth in digital payments and eCommerce.
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Most Australians fail to spot property scam signs in emails

Tue, 26th Aug 2025
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97% of Australians involved in property transactions fail to spot scam signs in emails, risking costly losses despite their confidence in detecting fraud.
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Australians still struggle to spot & respond to scams safely

Tue, 26th Aug 2025
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Nearly 80% of Australians have faced scam communications recently, yet 70% lack knowledge on how to respond safely, reveals new Optus research.
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Australians face surge in fake Booking.com scam attacks, experts warn

Tue, 26th Aug 2025
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Australians face rising threats from fake Booking.com sites that install malware via deceptive cookie banners, warns cybersecurity expert Mark Graham.
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AI website builder Lovable fuels rise in phishing & scams

Tue, 26th Aug 2025
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Cybercriminals exploit AI website builder Lovable to swiftly create phishing and scam sites, lowering barriers for digital crime, warns cybersecurity firm Proofpoint.
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Proofpoint warns AI scams are rising as attacks target people

Mon, 25th Aug 2025
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Proofpoint warns AI-powered scams are rising, targeting people with malicious links across email and messaging, urging a human-centred defence approach.
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Global ransomware attacks rise as healthcare faces surge in cyber threats

Fri, 22nd Aug 2025
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Ransomware attacks surge to 20 daily incidents in 2025H1, with healthcare facing increased cyber threats and hackers targeting overlooked IoT devices worldwide.
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Jen Easterly joins Huntress as adviser amid USD $1.5bn expansion

Thu, 21st Aug 2025
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Jen Easterly, former US cybersecurity chief, joins Huntress advisory board as firm expands with USD $1.5bn valuation and boosts AI cyber defence services.
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AI-driven phishing & ransomware surge in first half of 2025

Thu, 21st Aug 2025
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Acronis reports a 70% rise in ransomware victims in H1 2025, with AI-driven phishing attacks surging, especially targeting managed service providers.
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Workday breach highlights rising third-party cyberattack risks

Thu, 21st Aug 2025
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Workday has suffered a data breach exposing contact details, highlighting growing risks from social engineering and third-party cyberattacks this summer.
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Scams Awareness Week highlights progress & new cyber threats

Thu, 21st Aug 2025
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Scams Awareness Week highlights a 26% drop in reported losses, but rising AI-driven cyber threats demand renewed vigilance from all Australians.
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The rise of the creative cybercriminal: Leveraging data visibility to combat them

Thu, 21st Aug 2025
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In 2023, Australian investors lost AUD $8 million to deepfake scams; 20% of businesses faced such attacks, prompting enhanced AI-driven cybersecurity measures.
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Australian businesses lose AUD $2.03 billion as AI scams surge

Thu, 21st Aug 2025
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Australian businesses have lost AUD $2.03 billion to increasingly sophisticated AI-driven scams in 2024, signalling a growing threat to the economy.
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Task scams cost jobseekers millions as Trend Micro warns of surge

Thu, 21st Aug 2025
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Task scams have cost jobseekers millions, with Trend Micro warning of a surge in frauds using fake jobs to trick victims into losing thousands of dollars.
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Jen Easterly joins Huntress Strategic Advisory Board for AI focus

Thu, 21st Aug 2025
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Jen Easterly, ex-CISA Director, joins Huntress' Strategic Advisory Board to enhance AI-led cybersecurity as the firm advances its USD $1.5 billion growth.
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KnowBe4's AI platform helps cut phishing risk to just one percent

Wed, 20th Aug 2025
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KnowBe4's AI-driven HRM platform has helped customers cut phishing risk to as low as one percent, enhancing cybersecurity against evolving threats worldwide.
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Surge in phishing attacks as cybercriminals exploit URLs & QR codes

Wed, 20th Aug 2025
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Phishing attacks exploiting URLs and QR codes have surged, with cybercriminals using AI and social engineering to target users via email and SMS, warns Proofpoint.
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Phishing campaign uses fake Microsoft apps to bypass MFA

Tue, 19th Aug 2025
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Proofpoint exposes phishing attacks using fake Microsoft apps to bypass MFA and hijack Microsoft 365 accounts, affecting thousands globally in 2025.