Exploiting Trust – The Billion-Dollar Criminal Industry

Some scams are highly sophisticated: others are less advanced

The number and types of scams doing the rounds at any given time to steal money or sensitive data are sobering. Some are highly sophisticated: others are less advanced.

Business email compromise scams, in particular, have grown in popularity over the last few years, costing Australian businesses over $60million- a 170% increase since 2017. This form of attack is very effective because it requires very little technical expertise.

From a company perspective, education is vital to prevent these types of attacks happening. While human trust will always remain a vulnerability to be exploited by enterprising criminals, a little bit of education can go a long way towards keeping your business safe.

Barringtons security risk management and assessment team has decades of experience working with clients of all shapes and sizes across a broad range of industries. Their arsenal of Risk Assessment Management Services includes Cyber Security Risk Assessments, Cyber Penetration Testing, guidelines for staff awareness training on email scams and other cyber risks. They are able to provide a quick turnaround on any enquires and develop valuable solutions, reporting on any weaknesses in an organisation.

Click here for more information on how Barringtons can help your business.

Source: https://australiancybersecuritymagazine.com.au/exploiting-trust-the-billion-dollar-criminal-industry/