You’ve sent a payment to your regular supplier. It’s business as usual until you find out it wasn’t them. The invoice was fake. The bank details were switched. And the money? Gone.
This is the costly reality of business email compromise, a popular scam hitting Australian businesses1.
“It usually starts with a fake email that looks like it’s come from a trusted supplier or even your boss,” explains James Roberts, CommBank scams and fraud expert. “Everything looks legitimate—the tone, the logo, even the email address. But behind the scenes, scammers are hijacking or impersonating accounts to redirect payments.”