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Australians under 25 lost over $5 million to scams in 2019 and reports made from this age group are increasing faster than older generations.
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 warning members of the public about a spate of text messages asking for emergency assistance.
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.
The ACCC is warning consumers to beware of scammers impersonating energy and telecommunications providers and demanding payments.
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.
Scamwatch is warning consumers to beware of scammers pretending to be from Microsoft, with the latest round of scams based around the current Microsoft Windows 10 system upgrade.
Scamwatch is warning consumers to beware of fake lotteries or competitions on social networking platforms, with scammers using popular platforms to pedal these empty wins.