Internet Safety For Business, Home.
IT Cybersecurity incidents have a devastating impact on business and small home offices with an average loss in 2019 costing over $330,000 per incident according to London insurer Hiscox (who have a vested interest in selling cyber insurance). However, the loss of data and reputation can't be quantified. Which is why professional service companies are such a sweet target.
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Businesses have been warned of an internet email scam which has seen fraudsters steal €650,000 from two commercial companies recently.
They were settling what looked like legitimate invoices from real suppliers. One company lost €200,000 and the other €453,000, gardaí said on Monday.
The criminals send emails to businesses and individuals from whats looks like the real supplier. The emails request firm to change the bank account details on record for the supplier to a new bank account, controlled by the criminals.
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