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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 pretending to be real businesses are sending fake invoices to customers, with scam bank account details. These may seem to come from a business you expect an invoice from - but scammers have stolen their identity to steal your money.
The National-Anti Scam Centre is warning HSBC customers to watch out for scam texts that appear to be from their bank.
People looking for work are being warned to watch out for scam job or 'side hustle' ads on social media.
People looking for work are losing money to scammers who pretend to be real organisations or recruiters offering work.
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.
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.