The losses are almost five times higher compared to the same period last year, from reported losses alone.

Unfortunately the Xero Security team is all too aware of fraud. We see it affecting our customers and community as an almost daily event.  

Is this for real? More often than not these days it can be hard to tell, and it’s okay to be a bit suspicious, especially when it comes to fraud.

CERT NZ’s April-June 2018 Quarterly Report suggests that cyber threats – and the amount of people who are reporting them – are once again on the rise, and fewer people are losing money.

CERT NZ is warning New Zealand businesses to be aware of an upsurge in fake invoices, which are often intercepting genuine payments.

The ACCC has issued another warning to Australians to be wary of scam tactics, as victims continue to lose large sums of money.

This year Kiwis have lost a staggering $18.6 million to scams, compared to $10.1 million for over the entirety of last year.

Every day cybercriminals come up with a wide variety of phishing tactics with the intent of scamming innocent users.

Residents at Auckland’s Settlers Village are now wiser to the dangers of online scams, thanks to a visit from BNZ staff yesterday.

Netsafe and Spark are on a mission to raise awareness about the dangers of phone and online scams.

So far in 2018 Australians have lost more than $26 million to investment scams. Already monthly losses have increased 117% since last year.

The scam network is thought to be responsible for more than 35,000 cases of fraud and has caused more than EUR 18 million in damage.

Action Fraud UK is warning people to be wary of any emails they receive that look like they belong to UK university email addresses.

Like phishing, SMiShing are scams that encourage users to urgently click on a link or respond directly with their personal and sensitive details.

Cybercriminals are reaping the benefits of the cryptocurrency hype, bringing in millions of dollars through fake exchanges and fake ICO offers.

Last year there was a notable shift from profit-motivated attacks to attacks designed to cause disruption.

A new research report further supports the stark reality of just how many scammers are trying their luck on New Zealanders.

The first three months of 2018 were busier than ever for cybercriminals, who managed to steal $2.9 million from New Zealanders.

Scammers stole $340 million from Australians in 2017 – ACCC says this is the biggest loss ever recorded on its books.

Singapore’s Personal Data Protection Commission (PDPC) is vowing to better protect consumers from spam and telemarketing messages.

“Historically, when we’ve seen scam activity on our network, we’ve lacked a fast and simple way to coordinate."

Victims who give the scammers access to the verification codes would then be locked out of their own account and lose access.

With longer hours comes wearier brains, and a workforce more susceptible to being victimised by scammers.

Email marketing giant MailChimp is the latest large enterprise to initiate a crackdown on cryptocurrency and ICO-related promotions.