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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.
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.
Scammers swindled nearly $4.7 million from Australian businesses in 2017 according to the ACCC’s latest Targeting scams report – a 23 per cent increase compared to 2016.
Australians lost more money to scammers in 2017 than in any other year since the ACCC began reporting on scam activity.
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.
With tax time in full swing, Scamwatch is again urging consumers and small businesses to be aware of scammers taking advantage of the busy nature of tax time to target you.
Nearly $82 million was lost to scams in 2014, and many included some form of identity fraud. The theme of National Consumer Fraud Week 2015 is ‘get smarter with your data’.
Scamwatch is warning consumers to be aware of calls from scammers claiming to be from the 'Department of Immigration' threatening you with deportation and demanding money.
SCAMwatch is warning consumers and businesses to be aware of NBN-related scams seeking to get your personal details or asking you to buy equipment you don’t need.