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![Scamwatch COVID-19 thumbnail](/sites/www.scamwatch.gov.au/files/styles/scamwatch_news/public/2020-04/SCAMWATCH-COVID-19_360x272.png?itok=hClu9yey)
Australians should be aware scammers are adapting existing technology to play on people’s fears around coronavirus and selling products claiming to prevent or cure the virus.
![Scamwatch COVID-19 thumbnail](/sites/www.scamwatch.gov.au/files/styles/scamwatch_news/public/2020-04/SCAMWATCH-COVID-19_360x272.png?itok=hClu9yey)
Unfortunately, scammers are taking advantage of the spread of coronavirus to exploit and play on the fears of consumers across Australia.
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Scams reported to the ACCC involving identity theft or the loss of personal/banking information have cost Australians at least $16 million this year, and this figure is likely to be just the tip of the iceberg.
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Australians are losing more money to NBN scams, with reported losses in 2019 already higher than the total of last year’s losses.
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Australian businesses reported more than 5800 scams with losses exceeding $7.2 million in 2018, a 53 per cent increase compared to 2017, according to the ACCC’s Targeting scams report.
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Scamwatch is warning people to be careful about being caught out by holiday season scams.
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Australians lost more money to scammers in 2017 than in any other year since the ACCC began reporting on scam activity.
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If you lost money to a scammer through Western Union from 2004 to 2017, you may be eligible for a refund. Find out how you can make a claim.
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Scamwatch is urging all Australians who lost money to a scammer through Western Union from 2004 to 2017 to take action by the extended deadline of 31 May to try to get it back.
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The ACCC is warning the community to be wary of scammers trying to ruin their Christmas holidays.