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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 collection, Anatomy of a Rip-off, hosted by journalist Deborah Knight.

On its first episode, the brand new podcast collection opened with the alarming proven fact that Australians misplaced greater than $2 billion to scammers in 2021, a determine which was anticipated to double this 12 months.

The eight-part collection will see Knight exposing how scammers goal folks, and interview cybersecurity and regulation enforcement specialists about the way to recognise and stop scams, in addition to actual rip-off victims, who will share their tales to warn others.

“Schooling is the important thing,” Knight stated. “Understanding how scams work is the easiest way to recognise them and keep away from them. We’ve got 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 means out of scams — schooling is vital,” Craft stated. “Scams influence all Australians – the outdated, the younger, the wealthy, the poor.”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 stated. “It’s massive enterprise; it’s a world financial system. And a number of them aren’t your conventional hackers, their enterprise is not hacking computer systems or hacking techniques. It’s hacking you. They’re social engineers who attempt to play folks to generate profits.”

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

“We’re topic to all of those feelings that scammers reap the benefits of,” Hunt stated. “We’re topic to worry, to curiosity, to urgency. All these items are exploited by attackers.”  

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