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Scamwatch is warning the Australian community to be wary about investment scams, with statistics revealing Australians are collectively losing $4.3 million a month to these scams.
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.
The ACCC is warning consumers to beware of scammers impersonating energy and telecommunications providers and demanding payments.
Punters are being warned to watch out for betting and sports investment scams which falsely promise high odds and big returns on Cup Day.
This Stay Smart Online Week, the ACCC is warning the community to watch out for common online scams they might encounter.
The ACCC is warning the community to watch out for investment scammers who promise the world but leave their victims with broken dreams and empty bank accounts.
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.
The Australian Competition and Consumer Commission is warning online shoppers to be wary of scammers masquerading as legitimate online retailers, often selling well-known brands at too-good-to-be-true prices.
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.