Dominic Powell says, “A new scam email that claims to be a message from the Australian Securities and Investments Commission (ASIC) is targeting businesses across Australia.

The scam email, uncovered by anti-spam software company MailGuard, was sent out to tens of thousands of recipients yesterday morning, in the guise of an official email from ASIC.

Recipients of the email are told their company name is in need of renewal, and the message displays a link to a “renewal letter”.

Upon clicking on the link, users are served with a malicious file, which installs malware on their computer.

This then allows ransomware to be installed and executed remotely, locking users out of important files and demanding a significant fee to get them back.

Despite the email bearing the ASIC logo and the Australian Government coat of arms, there are a few giveaways that reveal the email to be a scam”.

ASIC scam email sent to tens of thousands of recipients: How to protect your business from ransomware

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