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Scamwatch is warning people to be careful about being caught out by holiday season scams.

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 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.

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.