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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.
Scams reported to the ACCC involving identity theft or the loss of personal/banking information have cost Australians at least $16 million this year, and this figure is likely to be just the tip of the iceberg.
Australians are losing more money to NBN scams, with reported losses in 2019 already higher than the total of last year’s losses.
Scamwatch is warning members of the public about a spate of text messages asking for emergency assistance.
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.
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.