Business Email Compromise stories

ANZ organisations face high engagement with business and vendor email compromise scams, with low reporting rates highlighting a growing cybersecurity risk.

Australia faces a rise in AI-driven cyber threats and state-sponsored espionage, calling for stronger defences and intelligence-led cybersecurity strategies.

New research finds AI now generates over half of spam emails and 14% of business email compromise attacks, enhancing their sophistication and evasion.

Bitdefender to acquire global email security firm Mesh, integrating its technology to boost protection against email threats in 2024.

New Zealand's cyber incidents in Q1 2025 caused NZD $7.8 million in losses, marking a 14.7% rise and the second-highest quarterly total ever reported.

The cybercriminal group Scattered Spider has launched sophisticated phishing attacks targeting UK retailers, exploiting social engineering and advanced MFA-bypass tools.

Coalition Australia has raised its standard cyber crime cover to AUD $500,000, addressing growing losses from social engineering and funds transfer fraud.

Australian businesses face more complex cyberattacks as AI-powered ransomware, BEC, and supply chain threats escalate, warns Borderless CS CEO Jayaprakash Muthusamy.

Check Point unveils AI-powered cybersecurity platform in Singapore, combining local data residency with proactive threat intelligence for enhanced protection.

Ransomware attacks in Australia surged in 2023–24, costing businesses up to AUD $97,200 on average, urging firms to bolster cyber defences and response plans.

Arctic Wolf launches Incident360 Retainer, blending proactive readiness with full incident response, promising up to 70% savings on major cyberattack recovery costs.

Cofense reveals AI-driven phishing emails bypass traditional defences every 42 seconds in 2024, posing a fresh challenge to email security systems.

Phishing remains the top US cybercrime, with 193,000 complaints; attackers now use subtle linkless emails and fake MFA alerts to trick users.

Commvault warns of rising ransomware threats in Australia, urging businesses and individuals to boost cyber resilience ahead of Anti-Ransomware Day amid AUD $3bn annual damages.

AI advancements are boosting cybercrime in Australia, with infostealer malware and deepfake scams costing businesses millions despite MFA safeguards.

Red Sift partners with Gradian to boost access to its OnDMARC email security, enhancing protection against AI-driven cyberattacks for UK businesses.

Experts warn poor password management risks account fraud as 27% of businesses lack strong password policies, spotlighting security on World Password Day.

Expel expands its managed detection and response service to tackle email threats, integrating with Proofpoint, Abnormal Security, and Sublime Security.

Australian organisations face rising cyber threats bypassing MFA, prompting a shift to passwordless authentication and a AUD $288.1 million government security boost.

A recent report by Arctic Wolf reveals cybercriminals are evolving their tactics, with 96% of ransomware cases now involving data theft to maximise ransom pressure.