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…Losses reported to Scamwatch exceed $211 million, phone scams exploding … News Australians reported a record $211 million in losses to scams so far this year, an 89 per cent … people to be extra vigilant about scams after 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…

…Payment redirection scams cost Australian businesses $128 million in 2020 … News Payment redirection scams were the most financially damaging scams for Australian businesses in 2020 according to the ACCC’s latest Targeting Scams report. Payment redirection scams were the most financially damaging scams for Australian businesses in 2020 according to the ACCC’s latest Targeting Scams … The ACCC’s annual Targeting Scams Report includes data from Scamwatch, Report Cyber, other government agencies, banks and payment providers.…
…Payment redirection scams cost Australian businesses $14 million … redirection scams last year, and average losses so far in 2021 are more than five times higher compared … to Scamwatch due to payment redirection scams last year, and average losses so far in 2021 are more than five…