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…

Scams target all sections of Australian society including CALD and Indigenous communities

Data from the ACCC’s annual Targeting Scams report, released this week, indicates scammers don’t discriminate and are targeting a range of different communities in Australia. In 2019, people who reported speaking English as a second language lost $13.7 million, an increase of 90 per cent on the previous year, despite the number of reports remaining steady. This increase was mainly from investment…

Government impersonation scams on the rise

Australians are being urged to watch out for government impersonation scams with over $1.26 million lost from more than 7100 reports made to Scamwatch so far this year and in reality, losses are likely to be far greater. There has been an increase in scams reported during tax time such as text messages claiming to be from myGov or from agencies claiming…

Re-emergence of Purchase Order Scam

It has been observed a re-emergence of the purchase order scam whereby scammers would pose as procurement officers from local universities and Government agencies, and induce unsuspecting companies into delivering goods with promises of payments at a later date. Since June 2020, the Police have received at least two reports of such scams, with total losses amounting to at least $160,000. In…

Scams cost Australians over $630 million

Australians lost over $634 million to scams in 2019, according to the latest figures in the ACCC’s Targeting Scams report released today. There were more than 353,000 combined reports to Scamwatch, other government agencies and the big four banks last year. “Unfortunately it is another year with devastatingly high losses, and scammers are constantly finding new ways to defraud Australians,” ACCC Deputy…

Beware of Cyber Extortion!

We would like to alert members of the public to cases of cyber extortion. Between January and May 2020, the Police have received 49 reports, with total losses amounting to at least $50,000.  Typically, in such cases, culprits would befriend victims on social media or dating-related platforms. Victims would then be invited to take part in a video chat, where they would…

Business email compromise scams cost Australians $132 million

Business email compromise scams caused the highest losses across all scam types in 2019 costing businesses $132 million, according to the ACCC’s Targeting Scams report. “These combined losses from the ACCC, other government agencies and the big four banks show how financially harmful these scams can be,” ACCC Deputy Chair Mick Keogh said. “Scammers intercept legitimate invoices and change the details to…