Close up image of a closed signboard

Fake Zoom invite forces Sydney hedge fund to close

Earler this week, Levitas Captial was forced to close following a major cyber attack, resulting in their major client withdrawing their funds.

This should stress to all businesses out there that an antivirus and a firewall is not sufficient against cybercrime. Appropriate funds transfer protocols, incident response plans and cybersecurity awareness training should be at the top of every businesses list for this coming 2021.