Fair Work Ombudsman Uses Accessorial Liability Laws Against Accounting Firm
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Notifiable Data Breaches Scheme to be a Game Changer for Accountants
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Qld Law Firm Loses Millions in Highly Sophisticated Cyber Crime Scam
The Brisbane Times has recently published an article outlining a sophisticated digital scam that has seen two Queensland law firms losing several millions of dollars after falling victim to scammers.
The cyber criminals sent an email scam under the guise of a potential new client - once the law firm’s victims clicked on the email hackers quickly took over the email accounts of staff at the law firms and hijacked payments from their clients.
The process for getting access to the staff members' emails is outlined below:
- The scammer emailed the law firm expressing interest in using their services
- Once the scammer says they will go ahead and use the services of the firm they send a link with 'documents' that the firm will need which requires email and password for access - this is the step the hacker requires to gain access to the login details to the staff member
Once they have hacked into the computer the next step for the hacker is outlined below:
- The hacker monitors the legal staff member’s email account watching for info about payments
- Once they see an opportunity to gain access to money from the client, the scammer poses as the law firm and reminds them of payment and provides information for a bogus bank account rather than the trust account info.
Overcoming Obstacles Within Business with Digitisation
These days the business landscape is filled with digitalisation and automation, and the process of implementing new technology can be unclear for SMSF firms and a range of businesses.
While the process of adopting new technology can be a minefield, the benefits are tremendous for improving business systems and enhancing the overall functioning of the workplace to ensure your business is firing on all cylinders.
Adding digitisation to your business effectively transforms your organisation, yet it does require you to change your culture, approach and technologies, and this is something that can be a challenge for some organisations.
Digitisation will enable your business to connect with people, process data more efficiently and provide intelligence and actionable insights.
Reasons why digitisation is essential for the future of your business:
Improvements in decision making and the streamlining of processes
Digitisation works to deliver positive outcomes for your business by streamlining and accelerating processes while increasing productivity and reallocating employees to higher-work value.