Fake MYOB invoice scam hitting SME inboxes … Rhodes and Beckett set to return after collapse … Analysts suggest mid-November Amazon arrival

scam email phishing

A fake MYOB email scam is doing the rounds today, with SMEs warned to remain vigilant on scams as some of the busiest months of the year approach.

In a blog post, email security software company Mailguard revealed an ongoing attack was impersonating popular online accounting software company MYOB, appearing in business owners’ inboxes as an invoice needing a signature.

Upon clicking on the link, a malicious file is then downloaded onto users’ computers, installing malware which attempts to steal sensitive data.

“Trusted financial services brands are a popular mask for cybercrime networks who particularly like to ‘brandjack’ those with a large number of users, increasing the likelihood that users will unwittingly click on a malicious link, or open a suspect file,” Mailguard chief executive Craig McDonald said in the post.

“MailGuard urges email users to hesitate before clicking any type of attachment or link in an email if they’re uncertain of its legitimacy.”

Rhodes and Beckett set to return after collapse

High-end male and female fashion chain Rhodes and Beckett is set to return to the Australian market under new ownership in November after collapsing into voluntary administration in February this year.

Inside Retail reports Black Bear Holdings will re-launch the brand with a focus on premium retail locations, and says four boutiques and two pop-up stores will be launched across Melbourne, Sydney, and Adelaide.

Worldwide shipping will also be offered through a new website, with former creative director of Rhodes & Beckett and Black Bear director Michel Boutin saying the retailer was aiming to provide customers “innovative, fresh designs on a quick rotation”.

Analysts suggest mid-November Amazon arrival

Analysts from Citigroup believe retailer Amazon is likely to launch Down Under in mid-November reports Fairfax, ready to shake up the retail market just before Christmas.

Amazon announced its planned foray into Australia earlier this year, and since then retailers have been in a frenzy of preparation, including some shopping centres starting to “Amazon-proof” their offerings through an abundance of food stores, beauty salons, and customer service offerings reports Fairfax.

However, Citigroup analysts believe Amazon will be slow to get underway in Australia, giving local retailers more time to prepare.

“In our view, Amazon’s relatively underdeveloped logistics network and limited marketplace offer, where brand owners and retailers operate on Amazon’s platform, setting their own prices but often using Amazon’s supply chain for fulfillment, will impact the sales volume which Amazon takes in the first 12 months,” Citigroup analysts Craig Woolford and Bryan Raymond told Fairfax.

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3 years ago

Great! After suppliers were no doubt left out of pocket through the administration process, management (who one would argue are at least partly responsible) buy it out and reopen. Why is this process not considered a scam?