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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.
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.
Punters are being warned to watch out for betting and sports investment scams which falsely promise high odds and big returns on Cup Day.
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.