11/06/2026
Business Email Compromise cost Australian enterprises $84 million in FY2023-24.
Average loss per business: $55,000. For large businesses, the figure is $202,700 per incident. Up 219% year on year.
No malware. No exploit. Just a convincing email from someone your team believes they know.
According to the ACSC, email compromise remains the most reported cyber issue for Australian businesses.
The fix is one rule. Always verify changes to payment details and large payment requests through a second independent channel. Never by replying to the same email thread.
74% of Australians think a verbal verification protocol is smart. Only 20% use it.