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…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.…

…Scammers capitalise on pandemic as Australians lose record $851 million to scams … News Australians lost over $851 million to scams in 2020, a record amount, as scammers took advantage of the pandemic to con unsuspecting people, according to the ACCC’s latest Targeting Scams report released today. Australians lost over $851 million to scams in 2020, a record amount, as scammers took … The 2020 Targeting Scams report includes data from Scamwatch, ReportCyber, other government agencies, and 10 banks and financial intermediaries. Highest scam losses reported to banks and government…

…Culturally and linguistically diverse community lose $22 million to scams in 2020, reports from Indigenous Australians up by 25 per cent … Targeting Scams report released earlier this week shows losses to the CALD community represented a 60 per … to scams affecting culturally and linguistically diverse communities,” ACCC Deputy Chair Delia Rickard said…