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
Is Australia's insolvency regime on the right track? [not-audio_url] [/not-audio_url]

Duration: 16:01
We examine the recent Government review into insolvency with the report Chair. Broken or fit for purpose? We put Australia's corporate insolvency regime under the spotlight. Tune in now. Host: Dr Jane Rennie, Head of Med…
JobKeeper: Assessing the business support [not-audio_url] [/not-audio_url]

Duration: 19:29
JobKeeper was the biggest stimulus payment to business in Australian history. CPA Australia's expert panel takes a look at how this A$88.9 billion stimulus package stacks up against other programs and evaluates its effec…
Expert property market update with Warren Hogan [not-audio_url] [/not-audio_url]

Duration: 18:01
Do you need to enhance your understanding of Australia's property market? Whether you're a homeowner, investor, buyer or renter, this episode will provide you with valuable property insights. Uncover expert perspectives…
What you need to know about ISSB's new reporting standards [not-audio_url] [/not-audio_url]

Duration: 15:13
The ISSB's new reporting standards IFRS S1 and S2 are set to have a wide-ranging impact. If you're a business, finance or accounting professional, these expert insights on the two new reporting changes will come in handy…
The new world of corporate disclosure [not-audio_url] [/not-audio_url]

Duration: 25:57
Financial performance isn't the only corporate benchmark these days. Investor and public information needs are evolving towards a broader set of performance measures, such as climate change, modern slavery and human righ…
The philanthropy challenge: can giving be doubled by 2030? [not-audio_url] [/not-audio_url]

Duration: 20:11
Australia's Productivity Commission aims to double philanthropic giving by 2030. Is this a realistic ambition? Tune in now for CPA Australia expert analysis of the Commission's review into philanthropy and find out what…
Federal Budget 2023: expert analysis [not-audio_url] [/not-audio_url]

Duration: 29:58
The Treasurer's Federal Budget 2023 has been delivered with CPA Australia's tax and business experts dissecting the announcement. Stay informed with this in-depth budget breakdown. Listen now. Host: Dr Jane Rennie, Gener…
Dissecting the insolvency crisis in our construction sector [not-audio_url] [/not-audio_url]

Duration: 16:43
There's a crisis in Australia. Construction companies are going into liquidation at a record rate, leaving home buyers, tradespeople, employees and the industry in shock. CPA Australia's insolvency expert shares advice a…
Why legislate an objective for Australia's superannuation system? [not-audio_url] [/not-audio_url]

Duration: 15:57
Australia's superannuation system is a global leader. Worth around AUD $3.4 trillion, the nation should be proud of the world's fifth-largest super system, one that covers around 16 million Australians as they work towar…
Inside story of the 2023 RBA review [not-audio_url] [/not-audio_url]

Duration: 34:25
Did you know the Reserve Bank of Australia (RBA) was last reviewed in 1981? That was the Campbell inquiry reporting to the then Fraser Government. Much has changed since then. Little wonder there's great interest in this…