Crime By Numbers: Unravelling million-dollar man in the middle schemes, the invoice fraud that costs millions

Governments, businesses large and small, and individuals – no one is safe from man in the middle attacks. Just ask Google, Facebook or Puerto Rico. Also known as payment redirection or invoice fraud, these schemes are devasting, highly profitable, growing and evolving. Join our cyber and consumer experts to find out what it takes to defeat these money mules. Tune in now.   Host: Jacqueline Blondell, Editor, CPA Australia Guests: Alastair MacGibbon is Chief Strategy Officer at CyberCX. He’s has spent 20 years in the cyber security space, including as a former special advisor to the Australian Prime Minister on cyber security. Former Deputy Chair at the Australian Competition and Consumer Commission (ACCC), Delia Rickard spent a decade fighting scammers. Research, scripting and editing: Susan Muldowney Studio production and sound editing: Garreth Hanley Additional research and scripting: Jacqueline Blondell The ACCC’s Scamwatch website includes fraud prevention advice, case studies and up-to-date data on what different types of frauds are costing the Australian people. If you’d like to read more about invoice fraud, including the schemes discussed in this episode, these links have information through press releases, documents and news articles.  Puerto Rican fraud  https://www.nytimes.com/2020/02/13/us/puerto-rico-phishing.html https://www.trendmicro.com/vinfo/hk-en/security/news/cybercrime-and-digital-threats/puerto-rico-loses-millions-in-email-scam https://www.nbcnews.com/news/latino/puerto-rico-says-it-was-scammed-out-2-6-million-n1136191 Toyota fraud Toyota Parts Supplier Hit By $37 Million Email Scam (forbes.com) https://www.cpomagazine.com/cyber-security/toyota-subsidiary-loses-37-million-due-to-bec-scam/ Facebook, Google fraud Lithuanian pleads guilty in U.S. to massive fraud against Google, Facebook | Reuters Barbara Corcoran fraud How Barbara Corcoran almost lost $400,000 to an email scam (cnbc.com) Phishing in Australia Phishing - scam emails | Cyber.gov.au CPA Australia publishes three podcasts, providing commentary and thought leadership across business, finance and accounting:  With Interest INTHEBLACK Excel Tips Search for them in your podcast app.  You can email the podcast team at [email protected]