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Australians are set to lose a record amount to scams in 2019, with projections from losses reported to Scamwatch and other government agencies so far expected to exceed $532 million by the end of the year, surpassing half a billion dollars for the first time.
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.
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.
The ACCC is warning consumers to beware of scammers impersonating energy and telecommunications providers and demanding payments.
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.
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 the community to be aware of phone calls from scammers pretending to be from the Department of Human Services or Centrelink.
The ACCC is urging Australians to hang up on and delete tax scams after more than $1 million was reported lost to Scamwatch already this year.
Scamwatch is warning Australian consumers and small businesses to take extra care when seeking government grants and to be suspicious of unsolicited offers of money in the form of government grants.
The ACCC is warning consumers to beware of scammers imitating Centrelink officers to trick you into handing over your money or personal details.