With End of Financial Year fast approaching, business owners are likely to see an increase in the number of scam emails being sent to them, claiming to be from the Australian government or other agencies and promising to make life easier for them at tax time.

ASIC End of Financial Year email scam exampleASIC Email Scam

One example to be on the lookout for is an email claiming to be from the Australian Securities and Investments Commission.

However, clicking on the “Renewal letter” link brings you to a website where a file containing malware will be downloaded onto your computer. This is likely to be a virus, ransomware, or a keylogger used to steal your login information.

This is just one example of an email scam that is currently circulating in Australia. As tax time approaches it’s likely that business owners will receive more of these emails.

However, you can protect yourself from these types of scams:

  1. Use caution when downloading files. In the email above, the link brings you to a website which asks you to download a .zip file. Proceed with caution any time you are asked to download a .zip file. Make sure it comes from a trusted source and if it doesn’t, delete it right away. Unopened .zip files are harmless, it’s downloading the file that give the virus access to your files.
  2. Use complex passwords. Some hackers use brute force attacks in order to obtain a business’ information such as a user password. This is a trial-and-error method using automated software to generate a number of consecutive guesses of your passwords hoping to eventually guess correctly. The more complex your password, the less chance that the software will be able to guess it. Make sure your password contains a combination of capital letters, numbers and symbols throughout. A good rule to follow is to select 3 separate words, for example, bowl, grape, tree and combine these with the “complexity rule” to give you b@wlgraPetr33. This will make it nearly impossible for the software to be able to guess. You’ll be surprised how quickly you start to remember this, but if you do decide to write it down, make sure to keep it somewhere safe.
  1. Stay up to date on current email scams. On the Scope Logic Twitter page, we will be keeping an update of current issues including outages and scams. Follow us @ScopeLogic to make sure you always keep on top of everything tech and ICT. You can also follow @scamwatch_gov, which is an Australian government scam watch.
  2. Secure your office. Is your business doing everything possible to ensure that files and information are secure and protected? Sometimes it can seem overwhelming, however with a proper security setup in your business, including a backup system to protect files, a secure email gateway, advanced threat protection and a firewall, you can make sure your data is secure.

Need someone to do a health check on your company’s systems? Just want to hand over the problem to someone you know can help?

Visit our website at www.scopelogic.com.au, give us a call on 08 9228 4118 or email and one of our experienced security engineers will be able to come up with a solution for your business.