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Posts by Gobbill

Alert Priority HIGH: Widespread reports of COVID-19 malicious scams being sent to Australians

March 27th, 2020 Posted by Alerts, Featured, Staysmartonline 0 thoughts on “Alert Priority HIGH: Widespread reports of COVID-19 malicious scams being sent to Australians”
27 March 2020

What’s happened?
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.    
 
Disclaimer
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
CONTACT US
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Email: staysmart.online@defence.gov.au
Web: www.staysmartonline.gov.au
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If you no longer wish to receive this information, you can unsubscribe. © 2020 Australian Government.All rights reserved.

AirPay FinTech and Gobbill embeds Alipay & WeChat payments in media platform for 1M+ users to process Australian bills

March 24th, 2020 Posted by Alerts, Featured, Financial Management, Gobbill News, Media Releases 0 thoughts on “AirPay FinTech and Gobbill embeds Alipay & WeChat payments in media platform for 1M+ users to process Australian bills”

  • Australian fintech AirPay and bill payment automation company Gobbill to launch a new app feature for 1+ million users.
  • The “ToPay” feature is available via Chinese media app Today Australia, allowing Australian bills to be paid with WeChat Pay and Alipay.

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.

For more information, contact via email gobbill@gobbill.com.au or info@airpayfintech.com

-ENDS-

About Gobbill

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 UK: We’re located in the Royal Bank & NatWest

March 11th, 2020 Posted by Gobbill News, Media Releases, Startup 0 thoughts on “Gobbill UK: We’re located in the Royal Bank & NatWest”

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.

https://www.business.rbs.co.uk/business/business-services/entrepreneur-accelerator.html

Business losses to exceed $5 trillion in 2024

March 5th, 2020 Posted by Case Studies, Internet Safety 0 thoughts on “Business losses to exceed $5 trillion in 2024”

Right now, the FBI is concerned with business email compromise, or BEC, which involves targeting an employee with access to their company’s financial infrastructure and duping them into moving money to the scammers.

FBI agent Michael Sohn of the Los Angeles Cyber Division told Wired, “[w]hen a small business gets scammed out of $200,000 or $500,00 they’re just done, they’re no longer in business.”

A similar strategy called vendor email compromise, or VEC, is also on the rise. In a typical scenario, a fraudster will create an invoice that looks identical to the real vendor’s, save for the bank account information. When the company issues payment, it once again ends up in the scammer’s account.

Juniper Research, which forecasts trends in digital technology, estimates business losses stemming from cybercrime hit $3 trillion worldwide in 2019 to over $5 trillion in 2024, an average annual growth of 11%. No one is safe from the fallout. 

By the way, the Nigerian prince scam is still fooling people. Here’s why. Also known as the 419 fraud, the Nigerian prince is a variation on the centuries-old Spanish prisoner swindle, an advance-fee scam that emerged after the French Revolution, where people sent handwritten letters soliciting help for a (non-existent) nobleman falsely imprisoned. While it’s closely associated with the early internet, the Nigerian prince first went global in the 1980s when West African fraudsters began snail-mailing scam letters around the world. Today, it seems more like a punchline than a real threat, but the Nigerian prince still gets paid: in 2018, the con brought in more than $700,000 from Americans alone.

That’s why we built Gobbill, to protect businesses from fake invoices and scams. Get protected with our accounts payable fraud protection platform. https://gobbill.com

Gobbill expects to debut and showcase its “Know Your Biller™” fraud detection technology at prestigious UK investment events such as this year’s EIE20 driven by what the UK Financial Conduct Authority calls an “epidemic” of 3.8 million fraud cases reported in 2019.

Sources:

Popular Science – The Nigerian prince scam is still fooling people. Here’s why. 5th March 2020

https://www.popsci.com/story/technology/nigerian-prince-scam-social-engineering/

Juniper Research Hampshire, UK – 27th August 2019

https://www.juniperresearch.com/press/press-releases/business-losses-cybercrime-data-breaches

John Higgins

$22 billion dollar per annum NDIS hit by up to $2B in fraud says former fraud investigator

February 17th, 2020 Posted by Gobbill News, Internet Safety, Payments 0 thoughts on “$22 billion dollar per annum NDIS hit by up to $2B in fraud says former fraud investigator”

Former fraud investigator for the National Disability Insurance Scheme says too few people are dealing with fraud in the system. $2B could be in fraud per annum in the $22B per annum scheme.

erica gilmore

Grow in 2020 @ AAT – Gobbill Roadshow

February 11th, 2020 Posted by Uncategorized 0 thoughts on “Grow in 2020 @ AAT – Gobbill Roadshow”

Gobbill will be joining our partner AAT in this year’s Roadshow.

We’ll be covering the topic of “Reducing the burden of compliance using technology to scale and grow. “

Other key topics covered are:

  • myGovID – Your passport to Government services
  • Expanding opportunities and revenue
  • Delivering advisory services with technology
  • Office 365 for bookkeepers
  • Staying on top of your game
  • Superannuation changes

February
Perth Fri 14th
Sydney Mon 17th
Melbourne Thu & Fri 21st
Brisbane Mon 24th

Register with AAT

If you’d like to catch up with our Gobbill staff at various locations, please contact erica@gobbill.com.au

What’s the fuss about crypto-currencies? This is the best month to learn about it.

January 22nd, 2020 Posted by Uncategorized 0 thoughts on “What’s the fuss about crypto-currencies? This is the best month to learn about it.”

What’s the fuss about cryptocurrencies?

Within a week, there have been a number of articles based on various reports from APRA and RBA on the topic of cryptocurrencies (or digital currencies and coins).

The Sydney Morning Herald reports that APRA could oversee Facebook’s controversial cryptocurrency play Libra.

The Australian says that RBA looking at potential Aussie cryptocurrency for faster payments.

So what’s all the fuss about cryptocurrencies? Now’s the best time to find out more.

Gobbill and Cointree have teamed up to provide a getting started guide to coins.

With your coins, try paying your bills this month with our promotion.

  • Fee FREE. Bill payment with coins will be transaction fee free. Normally there is a % charge of the bill value.*
  • Get $10 dollars. Receive $10 worth of coins when you sign-up for a new account and purchase coins.*

*See conditions.

For further details, refer to Cointree Pay your bills with crypto

About Cointree

Cointree is a digital currency exchange here to make cryptocurrency easy for everyone. Founded in Melbourne in 2013, we service over 60,000 members and have processed over $100 million in successful transactions. We are an Australian Blockchain Industry Awards 2019 finalist for best digital currency exchange and members of Blockchain Australia. Cointree is on a mission to educate and excite Australians about digital currencies, providing all the vital tools to buy, sell, pay bills, exchange, and grow their investment portfolios.

Cointree is a registered digital currency exchange with AUSTRAC (the Australian Government regulatory and monitoring body for AML/CTF) and a partner of the not-for-profit Blockchain Centre.

See conditions.

Plenty to smile about when you’re on top of your bills and cash flow.

January 19th, 2020 Posted by Uncategorized 0 thoughts on “Plenty to smile about when you’re on top of your bills and cash flow.”

Photo of Dr. Paul O’Keefe, Practice Owner of Premier Health Partners

Paul is a small business owner who has overseen the growth of his clinic from humble beginnings to what is now a fully multi-disciplinary medical clinic, combining osteopathy with general practice, physiotherapy, myotherapy, clinical psychology, dietetics and remedial/sports massage.

As his practice grew, Paul was spending more time and energy on managing his accounts payable. Instead of closing up for the day and spending time with his family, he would be sorting out admin. Paul heard about Gobbill from one of his patients. Since signing up and using it for a while, here’s what he has to say:

“Gobbill takes the stress out of bill payments for my business. Once the account is setup everything is totally automated. I just email bills to my Gobbill account and I know they’ll be digitised and paid on time and that Gobbill will check for any duplicate or fraudulent bills. Every few weeks I log in and sync bills to Xero, and that’s my whole accounts payable process done as simple as that.

Gobbill has saved me heaps of time and makes bill payment so easy. It’s a part of my business I don’t even think about anymore, you just set and forget it and know everything is being done right. I would recommend Gobbill to other business owners out there looking for a solution to their accounts payable process.”

By automating the accounts payable aspect of his business using Gobbill, Paul has been able to save time and effort on admin. It helps him to manage his cashflow with maximum control and minimal effort. Gobbill saves business owners up to 70% of their time spent on managing their accounts.

Find out more about how Gobbill can help your business, contact Erica at gobbill@gobbill.com.au or call 0444 599 715.

Visit gobbill.com

New features in Gobbill

January 6th, 2020 Posted by Financial Management, Gobbill News, Payments, Product Features, Time Management 0 thoughts on “New features in Gobbill”

New feature update as of 6 January 2020

We are listening to clients’ feedback and implementing features almost every business day.  You can imagine there would be plenty of small and large changes being made daily.

Here are a few key ones:

  • Click through to bill details from the Bill Calendar. Client requested to be able to click through from the calendar to the bill details.
  • Additional options to override the payment date. A client asked to have more control over when specific Billers are paid.

Click through to bill details from the Bill Calendar. A client requested to be able to click through from the calendar to the bill details.

Additional options to override the payment date – A client asked to have more control over when specific Billers are paid, and this new feature is now available on our Premium and Business Plans.

Benefits:

  • Set payment time frames for individual billers – ‘pay x business days before due date’ or ‘pay x calendar days after issue date’
  • Set and forget, once you select the payment time frame it will automatically apply to any future bills received for that biller
  • Better supplier relationships, give suppliers more certainty about exactly when they will be paid, particularly those who manage a tight cash flow

Other recent features prior to 6 January 2020 ———–

Pay ASAP is a preference switch to enable the payment of invoices as soon as possible (ASAP) when a bill arrives in Gobbill. This feature was requested by one of our bookkeeper clients to clear invoices and bills as soon as they are received instead of paying before the due date or paying late.

[BETA] Payroll Sweep and Pay is the ability to clear payroll payments for any client and any Australian bank account through Gobbill. Instead of having to manage multiple Internet Banking login access authorities, logins and passwords, our accounting and bookkeeping partners can access one point trigger payroll approval and to clear payroll payments. Performing it through Gobbill doesn’t affect your clients’ Internet Banking daily limited which can alleviate a big issue on certain days when many payments have to be made on the same day.

[BETA] Bill and Payroll approval flows is the ability for small business users as well as accountants and bookkeepers to trigger approvals for bills/invoices and payroll. Authorizers can simply respond via email to approve without the need for logins or apps.

New dashboard designed for bookkeepers and accountants to manage their clients’ bills/invoices within Gobbill. Working with AAT members and our Partners, we’ve listened and developed a new dashboard to help support the work activities of bookkeepers and accountants. The dashboard helps to collate and group all clients’ accounts payable invoices and manage the timing and cashflow of payments. It is currently being trialed by a beta group.

NDIS dashboard for Plan Managers and households with NDIS self-managed participants. NDIS Plan Managers and Self-Managed Participants are able to see their invoices relating to NDIS all in one area. Their Gobbill account can support the whole bookkeeping practice (portfolio of clients) or whole-of-household with all bills and invoices. We see Gobbill as a whole-of-household solution for bills (including NDIS invoices) making life admin easier for those who are participating in the NDIS. A new dashboard is available to users on the Premium and Business Plans. Just ask gobbill@gobbill.com.au to activate it for you. There’s no extra charge or fees because it is all part of your existing Plan.

Bank statements can be uploaded directly for account verification and setup. A request from a Partner, you can now link a new bank account in Gobbill and upload bank statements for verification immediately. This is in addition to emailing  your bank statement to your own @gobbill.com email address.

Gobbill can now pay over 40,000 Australian billers and uses robots to fetch bills stored online. Some billers will send a notification that a bill is ready online. Instead of clicking on the link, forward the notification to Gobbill to do it for you. Gobbill currently has robots which will safely and securely fetch from online sources bills/invoices from their associated portals. E.g. City West Water, Sydney Water, Energy Australia, AGL Energy, Xero invoices and more..Robot automation saves you time and also helps to prevent you from clicking on malware or being directed to a fake website.

Gobbill is now able to accept multiple invoice/bill attachments and multiple types of documents in an email. Previously, Gobbill required each invoice to be on its separate email.

Documents awaiting processing by Gobbill due to fraud check or text recognition are displayed as in Gobbill as “Pending documents”.

Bill payment cutoff time is now midnight instead of 6pm. This is the cut off time for bills to be included in the next business day’s payment processing. If  a bill is sent into Gobbill and accepted before midnight, it will be included in the payment processing the next business day or scheduled before the due date depending on the circumstances and preferences.

Getting your finances sorted for the new year.

December 22nd, 2019 Posted by Uncategorized 0 thoughts on “Getting your finances sorted for the new year.”

Getting healthier, giving up a bad habit, or spending more time doing the things you love are all great New Year’s resolutions.

But what about your finances? Here are a few of our top tips:

#1: Build an emergency fund
Try setting aside a small amount on a regular basis to help you manage any emergency expenses and reduce the risk of needing to borrow or access credit. An emergency fund can give you peace of mind, and is one of the best steps you can take towards financial wellness.

#2: Reduce interest charges
Credit cards and installment plans can offer great rewards and flexibility when used well, but if you’re not careful the repayments and interest can add up. If you are paying interest, consider rolling any small debts into one and consolidating them in a single account. Some credit providers offer interest free periods on balance transfers which can help you catch up. 

#3: Make a budget
Setting a budget (and sticking to it) is a great way to relieve financial stress. The first step to making a realistic budget is understanding your income and your expenses. When it comes to expenses, Gobbill can help.
Gobbill automatically summarises, categories and digitises your expenses, so you can keep track of what you are spending each month on household bills. You can also use Gobbill to digitise receipts for other expenses, just be careful not to exceed the document quota on your plan or additional fees may apply. 

#4: Make sure you’re on the best deal
Understanding your bills can also help you make sure that you’re still on a good deal. If your rates are no longer competitive, it can pay to spend a few hours shopping around, it may take a few hours but the saving you could make a real difference over the course of the year. Gobbill stores copies of all your previous bills in one place, so it’s easy to see what you’re paying

#5: Automate your payments
This is another great way Gobbill can help you maximise control over your finances, with minimal effort!
Gobbill can save you time paying bills by automating the payment process, and protecting you from fraud. When bills are paid through Gobbill we check every invoice to ensure it is not fraudulent, and you retain control over your payment methods. There’s no need to contact all your providers one by one if you get a new card or bank account, simply log in to Gobbill and update them all at once! Using Gobbill is a great way to save time and take the stress out of accounts payable, whilst knowing you are staying protected from fraud.

Contact us to find out how we can help.

Email gobbill@gobbill.com.au