42 results, showing 31 to 40
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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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Gift cards are increasingly the payment method of choice for scammers. Scamwatch reports show more than $5 million was lost in 2018, a 38 per cent increase compared with 2017.
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Scamwatch is warning people to be careful about being caught out by holiday season scams.
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Scamwatch is calling on businesses to urgently review how they verify and pay accounts and invoices as reports of business email compromise (BEC) scams to Scamwatch have grown by a third this year.
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People are increasingly being caught out by celebrity endorsement scams, with reports to Scamwatch increasing 400 per cent and losses increasing a staggering 3,800 per cent so far in 2018.
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Scammers are increasingly catching out people by impersonating well-known businesses or the police so they can get access to computers and steal money or banking information.
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The ACCC is warning consumers to beware of scammers impersonating energy and telecommunications providers and demanding payments.
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Scamwatch is warning people to watch out for scammers setting up fake ads pretending to sell adorable puppies, with more than $310,000 lost and 584 reports about this scam in the past 12 months.
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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.
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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.