NSW police are investigating the matter as digital crime experts report a spike in attacks on hedge funds and private equity firms this year, as informal checks were weakened due to staff working at home as a result of the pandemic.
After that, they persuaded citizens to transfer money through an application or an ATM to a “special” account, ostensibly in order to close a loan or save money from fraudsters.
It is emerging that fraudsters are seriously preparing for such calls and are actively using social engineering methods. In 37% of cases, they mentioned the correct name and surname of the person whom they called.
People are still the primary risk to data loss or an information security breach, so keep up the training and education particularly around fraud and social engineering, and reinforce the care required around unknown emails, fake emails or websites.