False billing scams are hitting Australian businesses.

This week is National Scam Awareness Week in Australia, and we have focused on the number one cybersecurity scam impacting Australian businesses: ‘False Billing’.

Often conducted through phishing emails, False Billing or payment re-direction scams have cost Australian businesses $132 million in 2019 (ACCC, 2020). 

Cyber attacks in 2024 are more frequent, focused, and complex.

They impact all businesses, particularly small and medium-sized enterprises, that are mainly under-investing in cyber security and are vulnerable.

Only 14% of small businesses are prepared to defend themselves against these cyber threats (Accenture, 2023).

The next step: Talk to Mycelium about how to best manage cybersecurity at your business.

This is our passion—simple solutions to complex problems like False Billing. Chat with the team if you want to know more about your potential scam vulnerabilities. A Mycelium-Managed Service includes the necessary subscriptions and education to make your organisation safer tomorrow.