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Australian businesses lost $227 million to payment redirection scams in 2021, a 77 per cent increase compared to 2020, the ACCC’s latest Targeting Scams report reveals.
Scammers stole over $66 million last year from Indigenous Australians, people who identified as culturally and linguistically diverse (CALD), and people with disability
Australians lost a record amount to scams in 2021, despite government, law enforcement, and the private sector disrupting more scam activity than ever before.
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.
Data from the ACCC’s annual Targeting Scams report, released this week, indicates scammers don’t discriminate and are targeting a range of different communities in Australia.
Australians lost over $634 million to scams in 2019, according to the latest figures in the ACCC’s Targeting Scams report released today.
With the end of the financial year upon us, small businesses across Australia are busy tidying up their financial affairs. However, this time is not only busy for business, but for scammers as well.
SCAMwatch is warning small to medium businesses to be on the look out for unusual or complicated orders from overseas, particularly orders which are being paid for by credit card.
Scammers often use the names of non-existent realistic sounding institutions like “the Federal Bank of South Africa” or “the European Consumer Protection Bureau”.