Australians are being warned of a new phone scam which has already seen individual victims lose up to $18,000.

The ACCC said Australians were losing $110,000 nationally each month to this scam in 2019, which has been reported across several states. The scammer tells the victim that their private computer or mobile device has been hacked, and convinced the victim to allow them to install software on their device.
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Privacy Perils: Cyber Criminals Concentrate on C-Suites

This new crucial data shows that companies need to require regular cybersecurity training for all employees, including participation by C-level executives and their administrative staff. Additionally, because hackers are finding new and subtler ways to infiltrate companies’ systems, this training should be updated frequently and cover diligent methods of detecting unauthorized access.

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