A Treasury consultation paper proposes a sweeping, “whole-of-ecosystem” approach to prevention.
The National Anti-Scam Centre says its first four months in action saw a rise in billing fraud but a decrease in total amounts lost compared to the year before.
Most respondents say their organisations do not have adequate frameworks or processes in place and smaller organisations struggled the most.
The industry's Scam-Safe Accord will introduce payee confirmation technology and expand biometric checks and intelligence sharing.
The first attempt to measure the problem will be able to determine the amounts involved and gather intelligence to address the issue.
Three-quarters of businesses surveyed by McGrathNicol suffered an attack in the past five years, paying an average ransom of $1.03 million.
Digital security check-ups and a recovery assistance program are welcome steps to protect a vulnerable sector, ASBFEO says.
Wolters Kluwer has launched a cloud-based platform that streamlines tax and legal research for accounting professionals.
The accounting software provider has made a range of enhancements enabling users to reduce manual data entry and administrative work.
The digital advice services provider says advances in technology is helping to propel accounting firms into the advisory services space.
The software firm says connectivity, integrations and leveraging AI will be an important part of its strategic focus for 2024.