Business Email Compromise stories

AI-powered cybercrime has surged in the UK, with new scams causing losses of nearly GBP £100 million amid deepfake and phishing attacks.

ANZ warns Australian small businesses to stay vigilant as scams cause AUD $84 million losses amid rising cybercrime threats in 2024.

Cybersecurity startup AegisAI raises USD $13 million to launch AI-driven email security platform combating phishing and malware threats more effectively.

Cube Cyber has opened a Brisbane Security Operations Centre to provide 24/7 local cyber threat detection and response for Australian businesses.

Varonis has acquired AI-driven email security firm SlashNext for up to USD $150 million, enhancing its threat detection across emails and messaging platforms.

Cybersecurity is now central to Australia's economic growth, safeguarding digital infrastructure amid rising cybercrime costing organisations up to AUD $63,600 per incident.

AI is driving a rise in complex social engineering attacks, with 41% of organisations facing more cyberattacks and many ill-prepared to defend against them.

A PEXA survey found 97% of Australians in property transactions missed email scam signs during settlements, risking costly losses to cybercriminals.

97% of Australians involved in property transactions fail to spot scam signs in emails, risking costly losses despite their confidence in detecting fraud.

Acronis reports a 70% rise in ransomware victims in H1 2025, with AI-driven phishing attacks surging, especially targeting managed service providers.

Half of Australian government agencies have not adopted the strongest email security, risking cyberattacks on sensitive public sector data and communications.

Attackers are increasingly exploiting AI tools in emails, manipulating assistants and defences to steal data and disrupt organisations' security.

AI reshapes cyber defence, with firms battling human error and rising AI-driven attacks while leveraging predictive tools for threat detection and prevention.

Emerging cyber threats in 2025, including AI-driven attacks and ransomware, target healthcare and industry, with breach costs soaring to USD $5.3 million.

Email attacks on firms surge as AI-powered phishing kits, especially in manufacturing, challenge defences, warns VIPRE Security Group's Q2 2025 report.

Check Point leads in AI-powered email security, acclaimed by GigaOm for its Harmony Email & Collaboration solution tackling advanced phishing threats.

LevelBlue reports cyber incidents tripled to 17% in early 2025, driven by a 1,450% rise in social engineering attacks like fake CAPTCHA schemes.

Barracuda Networks warns of a global spike in phishing-as-a-service email attacks using impersonation tactics to deceive healthcare, finance, and government sectors.

BioCatch has launched Scams360 to help UK banks cut social engineering scam losses, which reached £450 million in 2024, using advanced behavioural biometrics.

AI Appreciation Day highlights the need for ethical, human-centred innovation as AI transforms industries like law and cybersecurity with fresh challenges.