Explore the latest news and trends  

Sign up for our weekly security newsletter

Be the first to receive important updates on security


MYOB Targeted with E-mail Fraud Containing Phony Invoices

MYOB the accounting software firm of Australia was recently compromised with a malware scam, this one being the second such attack on the brand in 2017.

MailGuard the e-mail filtering firm reports that malware rigged e-mails started to be distributed on June 20, in the afternoon, with the e-mail scam fast spreading to become an extremely large scam e-mail onslaught that the firm detected during the last twelve months.

Also says MailGuard, the e-mails contain harmful invoices that pose as being sent from different businesses while show the words "Powered by MYOB" in the messages' downward margins to lend them a sense of legitimacy. In addition, inside 'From' field of the e-mails the address given is noreply@financialaccountant.info, however, there are many separate display names accompanying the text. A given button called 'View Invoice' when clicked produces one zipped archive that carries certain malevolent JavaScript file.

Malicious software inside the .zip file grabs personal info when local Web-browsers are open while plants itself on Windows computers and starts running automatically on booting. It as well enforces a process which deters security analysts' activity to a great extent. Crn.com.au posted this dated June 21, 2017.

Making a statement, Craig McDonald, chief executive officer of MailGuard said that Internet scammers who attack popular brands manage getting the scam e-mail recipients in developing connection with the business organizations getting imitated. Such a move is an immediate trap to begin with.

However, the move isn't a direct way to put consumers at risk. Since there has been a widespread distribution of the fraudulent e-mail with a lot of innocent firms' names getting used like issuers of the invoice, the scam nets a large number of Internauts prone to follow the malware-rigged web-link, explains McDonald. As a result, a true risk is generated, especially for companies which facilitate employees for accessing personal e-mail accounts while using office PCs.

Meanwhile as per ACCC's records, Australian businesses, during 2016, were defrauded of AUD 1.7m in scams that involved hacks. The Commission further states that hitherto in 2017, Australians have been defrauded of AUD 260K in just phishing scams.

» SPAMfighter News - 6/23/2017

3 simple steps to update drivers on your Windows PCSlow PC? Optimize your Slow PC with SLOW-PCfighter!Email Cluttered with Spam? Free Spam Filter!

Dear Reader

We are happy to see you are reading our IT Security News.

We do believe, that the foundation for a good work environment starts with fast, secure and high performing computers. If you agree, then you should take a look at our Business Solutions to Spam Filter & Antivirus for even the latest version of Exchange Servers - your colleagues will appreciate it!

Go back to previous page