logo
How AI is being weaponised to attack Aussie businesses

How AI is being weaponised to attack Aussie businesses

Perth Now08-05-2025

More online criminals are weaponising artificial intelligence to steal from Australian businesses, including using the technology to create deepfakes of employees' voices and appearance.
Small and medium-sized businesses were at highest risk from the emerging trend, but almost all Australian organisations had encountered AI-based online attacks over the past year, a report has found.
Security firm SoSafe has released the findings in its Cybercrime Trends report, which also found Australia is one of the nations most often targeted by AI-generated attacks.
The warnings come one month after some of the nation's biggest superannuation firms were hit with a co-ordinated online attack that saw $750,000 stolen from personal accounts.
Sydney animal vaccine firm Virbac has been regularly targeted by hackers who use AI to create realistic invoices.
Chris Mousley, a supply chain analytics specialist at the firm, said Virbac had been forced to educate staff and change its process for paying suppliers to avoid being robbed by cyber criminals.
"I get at least five to 10 of these a month and they're extremely convincing commercial documents that look like pro-forma invoices," Mr Mousley said.
"These are very specific documents and they're AI-generated to look like companies we would deal with."
The fake invoices were often for specific raw materials, he said, which indicated criminals were specifically targeting the firm and its industry.
AI software was not only being used to improve the grammar and apparent legitimacy of email scams, but to craft targeted and sophisticated attacks across different platforms, SoSafe human-centric security advocate Jacqueline Jayne said.
"We've had deepfakes using people's voices to pretend to be someone on the phone and it is incredibly difficult, unless you have a code word, to be able to tell are we talking to (a colleague) or is this someone pretending to be her," she said.
"It's getting harder and harder to pick the difference."
The Cybercrime Trends report, released in Friday, was prepared by research firm Censuswide and surveyed 500 IT workers across nine countries.
Despite their prevalence, only one-in-four IT workers rated their ability to detect AI-based attacks as "high".
Most Australian organisations had experienced attacks delivered to workers' personal devices such as phones and laptops, the report found.
Companies were also targeted by "multi-channel attacks" that used their email and social media accounts, messaging apps and voice calls.
Educating employees in how to detect deepfake scams would be vital to shutting down the attacks, particularly in small and medium-sized businesses that often did not deploy the same level of cybersecurity, Ms Jayne said.
"We're going to see more AI-assisted and driven attacks in Australia and globally," she told AAP.
"One way to address it is to think about what humans are doing, how they're responding to (attacks), and how we can help them to think before they do anything."
Companies needed to educate staff in how to scrutinise incoming communication carefully, Mr Mousley said.
This included looking for hints such as misspellings and different payment methods, and running credit checks on local firms.
"You can't be complacent," he said.
"We didn't get any of these 12 months ago."

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

ASX set to edge up, Wall Street treads water
ASX set to edge up, Wall Street treads water

The Age

time17 minutes ago

  • The Age

ASX set to edge up, Wall Street treads water

Wall Street closed its winning week and month with a quiet Friday following a mixed set of profit reports from Gap, Ulta Beauty and other companies navigating the challenges created by US President Donald Trump's on-and-off tariffs. The S&P 500 finished the day nearly unchanged after edging down by less than 0.1 per cent. The Dow Jones added 54 points, or 0.1 per cent, and the Nasdaq composite slipped 0.3 per cent. The Australian sharemarket is set to edge higher, with futures on Saturday pointing to a gain of 8 points, or 0.1 per cent, at the open. Gap weighed on the market even though the retailer reported stronger profit and revenue for the latest quarter than analysts expected. The company behind Banana Republic and Old Navy fell 20.2 per cent after saying tariffs on imports from China and other countries could add up to $US300 million ($466 million) to its costs this fiscal year. It has strategies set to mitigate up to half of that before it hits its profits. This week and month on Wall Street have been dominated by questions about what will happen with Trump's tariffs, which investors worry could grind the economy into a recession, slash companies' profits and layer even more challenges on households already sick of inflation. Loading Hopes had largely been rising that the worst of such worries had passed, which in turn sent stocks rallying, after Trump paused his tariffs on both China and the European Union. A US court then on Wednesday blocked many of Trump's sweeping tariffs. It all sent the S&P 500 in May to its first winning month in four and its best since November. But the tariffs remain in place for now while the White House appeals the ruling by the US Court of International Trade, and the ultimate outcome is still uncertain. Trump also briefly shook markets shortly before Wall Street opened for trading Friday, when he accused China of not living up to its end of the agreement that paused their tariffs against each other.

ASX set to edge up, Wall Street treads water
ASX set to edge up, Wall Street treads water

Sydney Morning Herald

time17 minutes ago

  • Sydney Morning Herald

ASX set to edge up, Wall Street treads water

Wall Street closed its winning week and month with a quiet Friday following a mixed set of profit reports from Gap, Ulta Beauty and other companies navigating the challenges created by US President Donald Trump's on-and-off tariffs. The S&P 500 finished the day nearly unchanged after edging down by less than 0.1 per cent. The Dow Jones added 54 points, or 0.1 per cent, and the Nasdaq composite slipped 0.3 per cent. The Australian sharemarket is set to edge higher, with futures on Saturday pointing to a gain of 8 points, or 0.1 per cent, at the open. Gap weighed on the market even though the retailer reported stronger profit and revenue for the latest quarter than analysts expected. The company behind Banana Republic and Old Navy fell 20.2 per cent after saying tariffs on imports from China and other countries could add up to $US300 million ($466 million) to its costs this fiscal year. It has strategies set to mitigate up to half of that before it hits its profits. This week and month on Wall Street have been dominated by questions about what will happen with Trump's tariffs, which investors worry could grind the economy into a recession, slash companies' profits and layer even more challenges on households already sick of inflation. Loading Hopes had largely been rising that the worst of such worries had passed, which in turn sent stocks rallying, after Trump paused his tariffs on both China and the European Union. A US court then on Wednesday blocked many of Trump's sweeping tariffs. It all sent the S&P 500 in May to its first winning month in four and its best since November. But the tariffs remain in place for now while the White House appeals the ruling by the US Court of International Trade, and the ultimate outcome is still uncertain. Trump also briefly shook markets shortly before Wall Street opened for trading Friday, when he accused China of not living up to its end of the agreement that paused their tariffs against each other.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store