Crime By Numbers: Unravelling million-dollar man in the middle schemes, the invoice fraud that costs millions

Crime By Numbers: Unravelling million-dollar man in the middle schemes, the invoice fraud that costs millions

Author: CPA Australia October 2, 2023 Duration: 22:11

This is a special cybersecurity awareness month edition of With Interest.

Governments, businesses large and small, and individuals – no-one is safe from man in the middle attacks. Just ask Google, Facebook or Puerto Rico.

Also known as payment redirection or invoice fraud, these schemes are devasting, highly profitable, growing and evolving.

Join our cyber and consumer experts to find out what it takes to defeat these money mules.

Tune in now.  

Host: Jacqueline Blondell, Editor, CPA Australia

Guests: Alastair MacGibbon is Chief Strategy Officer at CyberCX. He's has spent 20 years in the cyber security space, including as a former special advisor to the Australian Prime Minister on cyber security.

Delia Rickard is a former Deputy Chair at the Australian Competition and Consumer Commission (ACCC) and has spent a decade fighting scammers.

Show notes

The ACCC's Scamwatch website includes fraud prevention advice, case studies and up-to-date data on what different types of frauds are costing the Australian people.

If you'd like to read more about invoice fraud, including the schemes discussed in this episode, these links have information through press releases, documents and news articles. 

CPA Australia publishes four podcasts, providing commentary and thought leadership across business, finance, and accounting: 

Search for them in your podcast app. 

You can email the podcast team at podcasts@cpaaustralia.com.au


Tune in to With Interest for a clear-eyed look at the forces shaping the world of business and finance. Presented by CPA Australia, this weekly discussion moves beyond the headlines to explore the practical implications of change for accounting professionals, business leaders, and anyone with a stake in the economic landscape. You’ll hear from practitioners and experts who break down complex topics in auditing, taxation, and corporate strategy into actionable insights. The conversations in this podcast are grounded in real-world application, whether the subject is a shift in regulatory frameworks, emerging leadership challenges, or broader economic trends. It’s a resource designed to inform your decisions and deepen your understanding of the professional landscape. For those looking to stay current and think critically about their work, With Interest provides a reliable and engaging audio companion. Each episode serves as a timely update and a catalyst for deeper professional reflection, all delivered with the authority and depth you would expect from CPA Australia.
Author: Language: English Episodes: 93

With Interest
Podcast Episodes
Tax time 2024: what work-related expenses can you claim? [not-audio_url] [/not-audio_url]

Duration: 16:16
Navigating work-related expenses can be a challenge. Little wonder the ATO says it's one of the biggest areas for errors at tax return time. That's why today's episode will help you demystify the rules for claiming work-…
Tax time 2024: what you need to know [not-audio_url] [/not-audio_url]

Duration: 16:55
From rental property repairs to capital allowances, record-keeping, and navigating the Medicare levy, we've got you covered at tax time. Gain insights on the ATO's debt collection approach along with practical tips on lo…
Exploring National Reconciliation Week [not-audio_url] [/not-audio_url]

Duration: 32:17
In this in-depth discussion, CPA Australia leaders share their perspectives and explore ideas around ways that we can achieve reconciliation together. They outline why an organisation like CPA Australia is involved in th…
Federal Budget 2024: CPA Australia's expert analysis [not-audio_url] [/not-audio_url]

Duration: 25:18
Join CPA Australia's expert policy team as we dive into Treasurer Jim Chalmers' announcements from last night's Budget unveiling. Learn what these measures could mean for accountants, business owners and finance professi…
Need help troubleshooting the ATO's CAL? [not-audio_url] [/not-audio_url]

Duration: 14:31
Discover the ins and outs of the ATO's CAL and find solutions to common problems met by businesses and tax agents. Join us as we unravel the complexities of the ATO's client-to-agent linking process, also known as CAL. O…
New tax changes for NFPs: what you need to know [not-audio_url] [/not-audio_url]

Duration: 18:03
New tax requirements are on the horizon for not-for-profits, and approximately 150,000 NFPs will have to lodge a tax return. Learn how these new requirements will affect NFPs and why the ATO implemented the changes. Tune…
Expert analysis of new changes to climate reporting [not-audio_url] [/not-audio_url]

Duration: 16:46
The world of financial reporting, auditing, assurance and tax advice seems far away from a subject like climate change. But the challenge of sustainability reporting, and the requirements that will fall on the accounting…
Key findings from the APAC small business survey [not-audio_url] [/not-audio_url]

Duration: 17:20
CPA Australia's 15th annual Asia-Pacific Small Business Survey reveals extensive data on small business challenges across the region. This episode dissects the survey's findings and delves into the issues faced by busine…
How CPA Australia is reducing business red tape for business [not-audio_url] [/not-audio_url]

Duration: 19:58
CPA Australia is helping to ease the excessive red tape burden on business by successfully advocating for more streamlined processes. In this podcast you'll learn how we're facilitating a better navigation of regulatory…
Superannuation in 2024: what you need to know [not-audio_url] [/not-audio_url]

Duration: 16:21
In 2024, Australia will see a raft of changes in superannuation. Staying up to date is vital. Join CPA Australia's experts, who will help you navigate the evolving super landscape. Policy areas covered include the First…