#EveryoneNeedsaPlan to Avoid Money Scams

Money scams are increasing and the most popular is 'false billing'.

The recent ACCC report "Targeting scams: report of the ACCC on scam activity 2020" highlights the increase of criminals using payment redirection scams whereby they pretend to be a supplier of the business and request payment of a fake invoice using the criminal's bank account details.

The criminals usually hack into your email systems, so they know the credible details of your suppliers.  The fake invoices are believable because they mostly contain actual information of your supplier, with only the bank details differing.

To avoid these types of scams, make sure you always double check your invoices before payment, cross-checking the bank account details you have on file for your suppliers.  McKinnon Financial Services offer Financial Control services to our Total Service Clients and have implemented this process for our clients.  Please contact us if you would like to schedule a free initial consultation and discuss your financial service requirements.