News and alerts

…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…

…National Scams Awareness Week: 'This is Not Your Life' … News The ACCC has launched a podcast series for this year’s National Scams Awareness Week … . The ACCC has launched a podcast series for this year’s National Scams Awareness Week to provide Australians…

…Scams cost Australians over $630 million … News Australians lost over $634 million to scams in 2019, according to the latest figures in the ACCC’s Targeting Scams report released today. 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 … The 2019 Targeting Scams report includes data from Scamwatch, ACORN (ceased operating 30 Jun 2019), ReportCyber (commenced 1 Jul 2019), ACMA, ATO, Services Australia, WA Scamnet, Commonwealth Bank, NAB, Westpac and ANZ.…

… invoices as reports of business email compromise (BEC) scams to Scamwatch have grown by a third this year … reports of business email compromise (BEC) scams to Scamwatch have grown by a third this year. “This is … too late,” ACCC Deputy Chair Delia Rickard said. BEC scams occur when a hacker gains access to…

… ACCC began reporting on scam activity. According to the ACCC’s ninth annual Targeting scams report … losses to scams have totalled more than $300 million and demonstrates the increasing impact of scams on Australians. Investment scams topped the losses at $64 million, an increase of more than 8 per cent. Dating…

…Business email compromise scams cost Australians $132 million … News 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. Business email compromise scams caused the highest losses across all scam types in 2019 costing businesses $132 million, according…

…Scams target all sections of Australian society including CALD and Indigenous communities … News Data from the ACCC’s annual Targeting Scams report, released this week, indicates scammers … annual Targeting Scams report , released this week, indicates scammers don’t discriminate…

… scams they might encounter. This Stay Smart Online Week, the ACCC is warning the community to watch out for common online scams they might encounter. The online sphere – email, the internet, social media … Delia Rickard said. The top three scams that people are most likely to encounter online are: Phishing…

…News Watch out for fake parcel delivery scams arriving in your inbox this Christmas, after $80,000 was reported lost to the ACCC this year, with 1,360 complaints. The Australian Competition and Consumer Commission is warning businesses about receiving letters that look like an invoice and state … How these scams work … You can report scams to the ACCC via the Scamwatch report a scam page . …

… companies in Asia – are at higher risk of being ripped off by these scams. The United States and Canadian … How these scams work … Make yours a ‘fraud-free’ business – effective management procedures can go a long way towards preventing scams. Have a clearly defined process for verifying and paying accounts and invoices. Consider a multi-person approval process for transactions over a certain dollar threshold. Ensure your staff are…