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Criminals are impersonating real businesses and offering fake sustainability investment bonds. They claim these bonds offer high returns and are protected by the government.
Scammers are creating lifelike impersonations (or 'deepfakes') of celebrities and public figures, who appear to be promoting 'quantum' or 'AI' online trading platforms.
Losses to imposter bond investment scams have nearly tripled in the first half of this year with consumers losing over $20 million to these sophisticated scams.
Australian businesses lost $227 million to payment redirection scams in 2021, a 77 per cent increase compared to 2020, the ACCC’s latest Targeting Scams report reveals.
Scammers stole over $66 million last year from Indigenous Australians, people who identified as culturally and linguistically diverse (CALD), and people with disability
Australians lost a record amount to scams in 2021, despite government, law enforcement, and the private sector disrupting more scam activity than ever before.
Australians lost over $205 million to scams between 1 January and 1 May, a 166 per cent increase compared to the same period last year, according to new data from Scamwatch.
Australians reported a record $211 million in losses to scams so far this year, an 89 per cent increase compared to the same period last year, according to new data from Scamwatch.
Investment scams reported to Scamwatch have cost Australians over $70 million in the first half of this year, more than the total losses reported to Scamwatch for all of 2020, and projected losses are set to reach $140 million by the end of the year.
Last year scammers stole close to $34 million collectively from people who identified as culturally and linguistically diverse (CALD), people with disability, and Indigenous Australians.