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Punters are being warned to watch out for betting and sports investment scams which falsely promise high odds and big returns on Cup Day.
This Stay Smart Online Week, the ACCC is warning the community to watch out for common online scams they might encounter.
The ACCC is warning people to be on the lookout for scammers who are trying to con their victims into paying for scams with Apple iTunes gift cards.
Nearly 6000 businesses reported being targeted by scams in 2016 according to the Australian Competition and Consumer Commission’s Targeting Scams report, with losses totalling around $3.8 million, an increase of almost 31 per cent.
The Australian Competition and Consumer Commission is warning online shoppers to be wary of scammers masquerading as legitimate online retailers, often selling well-known brands at too-good-to-be-true prices.
The ACCC is warning people to be wary of scammers when looking for romance online with social media now the most common method scammers use to contact potential victims.
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