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HomeMortgageDissecting the 'Anatomy of a Rip-off' with CBA

Dissecting the ‘Anatomy of a Rip-off’ with CBA


The Commonwealth Financial institution of Australia, in partnership with 9 Leisure, has launched a brand new podcast sequence, Anatomy of a Rip-off, hosted by journalist Deborah Knight.

On its first episode, the brand new podcast sequence opened with the alarming undeniable fact that Australians misplaced greater than $2 billion to scammers in 2021, a determine which was anticipated to double this yr.

The eight-part sequence will see Knight exposing how scammers goal individuals, and interview cybersecurity and regulation enforcement consultants about recognise and forestall scams, in addition to actual rip-off victims, who will share their tales to warn others.

“Training is the important thing,” Knight mentioned. “Understanding how scams work is one of the best ways to recognise them and keep away from them. We’ve to study to guard ourselves.”

Matt Craft, detective superintendent who runs the New South Wales Police Cybercrime Squad, featured within the first episode of Anatomy of Rip-off to share insights about scams in Australia.

“We can not arrest our approach out of scams — schooling is vital,” Craft mentioned. “Scams affect all Australians – the previous, the younger, the wealthy, the poor.”

Additionally appeari within the episode was Katherine Manstead, director of Cyber Intelligence at CyberCX,  who busted the parable that “all hackers put on hoodies.”

“It is wonderful the kind of criminals that we come throughout on this enterprise,” Manstead mentioned. “It’s massive enterprise; it’s a international economic system. And a whole lot of them aren’t your conventional hackers, their enterprise is not hacking computer systems or hacking methods. It’s hacking you. They’re social engineers who attempt to play individuals to generate income.”

The episode additionally tackled what could make us susceptible to scams with Troy Hunt, a regional vice chairman at Microsoft and founding father of knowledge breach aggregator Have I Been Pwned?.

“We’re topic to all of those feelings that scammers benefit from,” Hunt mentioned. “We’re topic to concern, to curiosity, to urgency. All these items are exploited by attackers.”  

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