New research from the Take Five to Stop Fraud campaign by UK Finance has revealed eight in ten (80 per cent) people in UK would feel embarrassed if they fell for a financial scam.
New research from the Take Five to Stop Fraud campaign by UK Finance has revealed eight in ten (80 per cent) people in UK would feel embarrassed if they fell for a financial scam.
In the midst of “Business As Unusual” Gobbill is growing.
Gobbill has been helping households and small businesses across Australia since 2015 and is celebrating its 5th birthday next month.
In these uncertain and unusual times, the company is currently positioned to grow in 2020/21 and we’re excited to keep growing our customer base, product features and team.
Thank you to all our loyal customers, partners, staff and shareholders.
Scamwatch reports 2,000 COVID19 scams with losses now more than $700,000. This is only the reported figure with unreported figures accounted for.
There has been also a spike in ‘puppy scams’ during coronavirus lockdown reaching $360,000. “A lot of people are stuck at home and going online to buy a pet to help them get through the loneliness of social isolation,” ACCC Deputy Chair Delia Rickard said. “Unfortunately the rush to get a new pet and the unusual circumstances of COVID-19 makes it harder to work out what’s real or a scam.”
COVID-19 has been a hot bed for fraudulent activity with scammers targeting those in search of a furry companion reports 9News.
Don’t get done by those puppy eyes…
For more information, visit ACCC’s report.
Gobbill is a partner of StaySmartOnline since 2015, a cybersafety initiative of ACCC Consumer Rights.
Based in Melbourne CBD or Flexible Remote Work | Permanent | Immediate start
Join an amazing and passionate team dedicated to providing excellence in customer care.
We are looking for a key individual who is passionate about helping clients in the disability sector with experience in customer service and accounts payable. The ideal candidate has an understanding of the disability sector and accounts processing experience. The candidate must have excellent soft skills such as listening and empathising, and is process driven.
Gobbill is a high growth tech company that automates bill payments for small businesses and households. Founded in 2015 and sponsored by Microsoft, Gobbill can pay bills and invoices issued from any Australian provider including utilities, telecommunications, council rates, insurance, NDIS providers and more. Recently our company has expanded into the NDIS sector providing solutions and is growing.
A lot of this role will be shaped by the right person we find.
Why work with us:
Experience & Skills:
Qualification: Social work, Community service, Disability and/or Finance, Business, Accounting.
All candidates are required to hold relevant working rights in Australia.
Other details: Standard 3 months’ probation.
Location: 710 Collins Street Docklands VIC 3008
Reporting to: CEO
How to apply: Email your CV and Cover Letter to Shendon Ewans email@example.com
Applications close when the right candidate is found or 30 June 2020.
Police Arrests following Invoice Fraud
NSW Police last week arrested and charged two men over their alleged involvement in a $2.6 million Business Email Compromise (BEC) scam syndicate. The scam involved sending altered invoices to businesses who unknowingly paid the scammers into their accounts.
One of the men is believed by police to be the leader of the syndicate and faces charges related to directing a criminal group. Police allege he gained more than $1.6 million, and unsuccessfully tried to gain nearly another $1 million through email scams from mid-2018 until early this year.
Commander of the NSW Cybercrime Squad, Matthew Craft, said cybercrime presents “a unique challenge for law enforcement”.
“These arrests are a timely reminder for all individuals and businesses to have strong cyber security measures in place for protection,” Craft said.
“During this investigation, officers uncovered a criminal network targeting hard-working Australian businesses through a series of sophisticated email scams,” Det Supt Craft said.
Police charged three other people last year in relation to the same investigation.
Business email compromise scams
Business email compromise (BEC) scams – where finance staff are deceived into paying fake invoices –are becoming increasingly common.
In 2018 alone, it was estimated that Australian businesses lost more than $60 million from this type of scam.
An ice rink in Sydney’s South West fell victim to a BEC scam earlier this year after receiving changed payment details for a new ice resurfacer it was purchasing, transferring $77,000 into an unknown Hungarian bank account.
Currently, the COVID-19 outbreak is creating a new set of challenges for businesses trying to shore up their cyber defences. There has been a rise in the number of coronavirus-related scams in recent weeks. With many Australian businesses trying to operate remotely to help encourage social distancing, networks could be more vulnerable as they are spread away from centralised IT systems.
How can you protect your business?
The Australian Cyber Security Centre has a list of strategies to mitigate the effects of cyber-attacks during the COVID-19, but one of the simplest steps business owners or accountants/bookkeepers can take to reduce their risk is to implement Gobbill as their accounts payable solution.
Gobbill is a simple, affordable bill payment automation and fraud protection tool that protects users from scams like Business Email Compromise. Our unique Know Your Biller process checks every document before it is scheduled to be paid, and intervenes to stop payment of any bills which are suspicious or have been tampered with.
Plans start from $25 per month, with a free 1 month trial on our small business plan.
To arrange a demo contact firstname.lastname@example.org or call 0444 599 715.
Source Articles: https://ia.acs.org.au/article/2020/police-arrest-men-over–2-6m-email-scam.html
|27 March 2020|
The Australian Cyber Security Centre (ACSC) is aware of a significant increase in Australians being targeted with COVID-19 related scams and phishing emails.
In the last three months, the ACSC and the Australian Competition and the Consumer Commission’s (ACCC) Scamwatch has received over 140 reports from individuals and businesses across Australia.
These phishing emails are often sophisticated, preying on people’s desire for information and imitating trusted and well-known organisations or government agencies.
Clicking on these malicious links or visiting fake websites may automatically install computer viruses or malware and ransomware onto your device, giving cyber criminals the ability to steal your financial and personal information.
These scams are likely to increase over the coming weeks and months and the ACSC strongly encourages organisations and individuals to remain alert.
Here are some examples of what to look out for now:
Example 1: SMS phishing scam messages offering where to get tested for COVID-19 or how to protect yourself In these examples, the SMS appears to come from ‘GOV’ or ‘GMAIL’, with a malicious link to find out where to get tested in your local area.
Scamwatch and the ACSC is also aware of a SMS scam using the sender identification of ‘myGov.’ These scam messages are appearing in the same conversation threads as previous official SMS messages you may have received from myGov.
Example 2: COVID-19 phishing email impersonating Australia Post to steal personal information
Under the pretence of providing advice about travelling to countries with confirmed cases of COVID-19, this phishing email aims to trick you into visiting a website that will steal your personal and financial information.
Once they have your personal information, the scammers can open bank accounts or credit cards in your name, often using these stolen funds to purchase luxury items or transfer the money into untraceable crypto-currencies such as bitcoin.
Example 3: Phishing emails pretending to be an international health sector organisation
This is an example of one COVID-19 themed phishing email where the sender is pretending to be a well-known international health organisation. The email prompts you to click on the web link to access information about new cases of the virus in your local area, or to open an attachment for advice on safety measures to prevent the spread.
Example 4: Phishing emails containing malicious attachments In this example, the phishing email is pretending to be from the World Health Organization and prompts you to open an attachment for advice on safety measures to prevent the spread of COVID-19. When opened, the attached file contains malicious software that automatically downloads onto your device, providing the scammer with ongoing access to your device.
Example 5: COVID-19 relief payment scam Scammers are also sending phishing emails targeting an increasing number of Australians that are seeking to work from home, wanting to help with relief efforts or requiring financial assistance if they find themselves out of work. In this example, the email offers recipients $2,500 in ‘COVID-19 assistance’ payments if they complete an attached application form. Opening the attachment may download malicious software onto your device. How do I stay safe?The ACSC has produced a detailed report, including practical cyber security advice that organisations and individuals can follow to reduce the risk of harm.
You can read the report and protect yourself by following these simple steps:Read the message carefully, and look for anything that isn’t quite right, such as tracking numbers, names, attachment names, sender, message subject and hyperlinks.If unsure, call the organisation on their official number, as it appears on their website and double check the details or confirm that the request is legitimate. Do not contact the phone number or email address contained in the message, as this most likely belongs to the scammer.Use sources such as the organisation’s mobile phone app, web site or social media page to verify the message. Often large organisations, like Australia Post, will have scam alert pages on their websites, with details of current known scams using their branding, to watch out for.If you’ve received one of these messages and you’ve clicked on the link, or you’re concerned your personal details have been compromised, contact your financial institution immediately.
More informationIf you’ve suffered financial loss from cybercrime, report it to ReportCyber at www.cyber.gov.au/report.
Visit cyber.gov.au for advice to help businesses stay secure from cyber threats, whilst managing a remote workforce.
To stay up to date on the latest online threats and how to respond, sign up to the Stay Smart Online Alert Service, www.staysmartonline.gov.au/alert-service.
More advice and support is available on our Get help page.
For information on the COVID-19 pandemic, visit https://www.health.gov.au The information provided here is of a general nature. Everyone’s circumstances are different. If you require specific advice you should contact your local technical support provider. Feedback
Thank you to those subscribers who have provided feedback to our Alerts and Newsletters. We are very interested in your feedback and where possible take on board your suggestions or requests.
This information has been prepared by the ACSC. It was accurate and up to date at the time of publishing.
This information is general information only and is intended for use by private individuals and small to medium sized businesses. If you are concerned about a specific cyber security issue you should seek professional advice.
The Commonwealth and all other persons associated with this advisory accept no liability for any damage, loss or expense incurred as a result of the provision of this information, whether by way of negligence or otherwise.
Nothing in this information (including the listing of a person or organisation or links to other web sites) should be taken as an endorsement of a particular product or service.
Please note that third party views or recommendations included in this information do not reflect the views of the Commonwealth, or indicate its commitment to a particular course of action. The Commonwealth also cannot verify the accuracy of any third party material included in this information.
More details: https://www.staysmartonline.gov.au/alert-service/widespread-reports-covid-19-malicious-scams-being-sent-australians
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If you no longer wish to receive this information, you can unsubscribe. © 2020 Australian Government.All rights reserved.
Melbourne, Australia 24 March, 2020 – Fraud detection and payment automation company Gobbill and Chinese mobile payment company AirPay, have embedded Alipay and WeChat payments into a popular media platform to allow users to pay Australian bills with China’s favourite payment methods.
Over one million users will have the capability to pay Australian bills with WeChat Pay and Alipay, with a market-first feature called “ToPay” in popular Chinese media app, Today Australia.
The ‘ToPay’ feature will allow Today Australia users pay and categorise bills including phone, utilities, school fees, council rates and more, within a single app.
Users will also receive rewards scheme, such as discount meals via popular Asian food delivery platform Hungry Panda.
AirPay Head of FinTech Simon Tse said: “We are thrilled to announce our industry collaboration with Gobbill to provide Australian-Chinese a seamless and secure way to pay bills via smartphone. Our new payment platform “ToPay” helps us open new verticals, in addition to our wide QR payments coverage in high-end retail brands such as Gucci, Victoria’s Secret, Sneakerboy, Champion, Glue Store owned by Kering group, Valiram group, LRG group, Hanes Brands and Next Athleisure”.
“Chinese sales across retail are down 30-50 per cent this month, and we predict it will be a difficult financial year for many companies. Our next goal is to drive one million Chinese consumers to merchants via the everyday usage of our app” said Tse.
Gobbill CEO and co-founder Shendon Ewans said: “The timing is right to bring the two technologies together to process Chinese payments in Australia. We expect the convenience of making payments through a media app and associated rewards as an advantage.”
The payments function will be enabled by Gobbill as part of the company’s growth into the broader payments sector, particularly in connecting global markets with seamless and secure payments. Using AI automation, Gobbill forensically extracts data from invoices, checks for fraud and executes the payments.
Gobbill is a fraud detection and payment automation service designed for small businesses and busy households to save time, maximise cash flow and protect against scams and fraud. The end-to-end AI platform gives users control over payments with minimal effort. Gobbill forensically extracts data from invoices, checks for fraud using its proprietary “Know Your Biller™” fraud detection technology and automatically executes payments.
Cybercrime and invoice fraud has increased 7 fold in the last 3 years. UK Financial Conduct Authority (FCA) calls an “epidemic” of 3.8 million fraud cases reported in 2019. FBI is concerned with the issue growing to an estimated $5 trillion in losses by 2024.
Leveraging over 3 years of R&D, Gobbill can pay bills issued from over 40,000 Australian providers. The company is a Microsoft Startup sponsored company, a partner of the Australian Government’s cyber safety initiative, AI partner of Silverpond and member of Stone & Chalk. Gobbill is an Authorised Representative (1261196) of Australian Financial Services Licence Holder (448066). Gobbill’s UK office is based at the Royal Bank & NatWest FinTech Accelerator.
About AirPay Financial Technologies
AirPay is FinTech based in Melbourne with offices in Shanghai and Sydney providing one-stop mobile payment and marketing solution for merchants to accept and promote QR payments. AirPay is also integrated with Shopify to allow online retailers to accept Alipay and WeChat Pay seamlessly. The company is invested by SwiftPass Technologies, a wholly owned subsidiary of a China listed company and is a member of FinTech Australia.
About Today Australia
Media Today Group (also known as “Today Australia”) http://mediatodaygroup.com is Australia’s largest Chinese Internet “new media” platform delivered through an in-App experience, WeChat Official Account and WeChat Moment.
The group owns Internet media in five major cities: Sydney Today, Melbourne Today, Queensland Today, Adelaide Today, Perth Today, and two vertical Internet platforms: Australian Real Estate Today and Tourism Today.
Since its establishment on April 29, 2010, the group has been adhering to the business philosophy of “best-looking news and most practical information” and has gradually become the most influential and brand-value composite Chinese media group in the Australian Chinese community.
Gobbill is pleased to announce that it has been accepted into the prestigious NatWest and Royal Bank FinTech Accelerator.
With major locations across the UK, our current base will be the Royal Bank of Scotland – Accelerator Hub, St Andrew Square, Edinburgh.
The programme offers coaching, investment strategy review and alignment to the bank(s), we look forward to working closely with Royal Bank & NatWest, which provides a range of entrepreneurship support.
About the NatWest and Royal Bank of Scotland Fintech Accelerator
The bank offers its Fintech Accelerator as part of its Entrepreneurship initiative to those that focus on the financial technology sector respectively.
Photo of Gabi, Gobbill user.
Setting goals and being in control of her finances has helped Gabi build wealth and achieve greater financial independence. We asked Gabi to sit down and answer a few simple questions in order to share her experiences and insights with others.
Definitely Robert Kiyosaki through his book “Rich Dad, Poor Dad”- he taught me the importance of assets and investments for passive income. Also, Tony Robbins – his personal development series taught me a lot about discipline and goal setting which I then applied to saving and investing.
I think a little controlling! My family didn’t have a lot of money growing up so the need to have savings has always been a high priority for me.
I have actually become more relaxed about it, and now enjoy spending it much more than I used to! I think it is important to save for the future, but also enjoy the fruits of your labour in the present. You need a good balance.
Absolutely do a budget, and separate your money – the Barefoot Investor has a great ‘bucket’ method for this, where you separate money for essentials, luxuries, and savings into different accounts. It gives incredible peace of mind and no ‘savings shock’ at the end of the month (which is what I call it when you’ve spent more than you thought in a month and eaten into your savings). Also invest in some assets, no matter how small an amount you can manage – you can start with some simple managed funds and work up to shares or property from there. I also have a list of goals, with savings plans attached to them.
Being able to pay for whatever I need without worrying about it, but also knowing my limits and how going over these will impact my long-term financial goals.
Long term, to pay off our home and have a comfortable retirement. Medium term to travel and improve our house. Short term to go to my friend’s wedding in New York in 2020!
It’s a “set and forget” method similar to the savings buckets. I have Gobbill linked to the bank account I use for essentials, so I know that I always have enough money to pay my bills, and then Gobbill makes sure the payments are made on time. It’s pretty much an automatic system!
Find out more about how Gobbill can help you manage your bills and improve your financial well-being, contact Erica at firstname.lastname@example.org or call 0444 599 715.