Romance baiting scams on the rise

Australians reported a record-breaking $37 million lost to Scamwatch last year for dating and romance scams. Total losses are expected to be much higher and scammers are now using dating apps to lure victims into investment scams. This new technique, called romance baiting, involves scammers meeting people on dating apps and then moving the conversation to an encrypted chat site. After a…

Current COVID-19 (coronavirus) scams | Scamwatch

Scammers are using the spread of COVID-19 (coronavirus) to take advantage of people across Australia. About COVID-19 scams Scamwatch has received over 5170 scam reports mentioning the coronavirus with over $6 280 000 in reported losses since the outbreak of COVID-19 (coronavirus). Common scams include phishing for personal information, online shopping, and superannuation scams. If you have been scammed or have seen…

11 Women Investigated For Offences under the New Payment Services Act 2019 (1)

The Police are investigating eleven women, aged between 18 and 36, for carrying on payment service businesses and advertising payment services without licence. Eight of the group were investigated carried out for carrying out unlicensed payment service businesses. They had offered their bank accounts to assist in transferring monies to other bank accounts in return for commission. Another three women, aged between…

Threat based scams targeting young people and Chinese community

Australians have lost over $8.8 million to threat based scams so far this year, and young people are reporting the highest losses. Threat based scammers often pretend to be from government departments and rely on fear, intimidation and people’s instinct to comply with authority, to scam victims. These scams are mainly phone-based and impersonate various officials, such as police, ATO officers or…

At least $4.5m lost to Impersonation Scams

We would like to alert the public about scammers impersonating staff from local telecommunication service providers, or officers from government agencies   who are offering technical support. Between January and March 2020, the Police received at least 125 reports of such scams, with total losses amounting to at least S$4.5 million.  In some of the cases, victims would receive unsolicited phone calls from…

Scams Awareness Week 2020 | Scamwatch

Body Scamwatch has seen a 55 per cent increase in reports involving loss of personal information this year compared with the same period in 2019, totalling more than 24 000 reports and over $22 million in losses. This Scams Awareness Week, listen to our new podcast series to find out how scammers use new technology to trick you into giving away information…