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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.
Gift cards are increasingly the payment method of choice for scammers. Scamwatch reports show more than $5 million was lost in 2018, a 38 per cent increase compared with 2017.
Scamwatch is warning people to be careful about being caught out by holiday season scams.
Scammers are increasingly using fake charities or impersonating real charities to take advantage of people’s generosity and compassion, with losses reported to the ACCC’s Scamwatch increasing steadily over the past four years.
People are increasingly being caught out by celebrity endorsement scams, with reports to Scamwatch increasing 400 per cent and losses increasing a staggering 3,800 per cent so far in 2018.
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.
The ACCC is warning the community to be wary of scammers trying to ruin their Christmas holidays.
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 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.
The ACCC is warning people to stay alert to ‘phishing’ scammers pretending to be from well-known businesses and government departments trying to con unsuspecting victims out of their personal information and money.