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 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.
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.
The Australian Competition and Consumer Commission is warning businesses about receiving letters that look like an invoice and state a ‘domain name is available’.
Scamwatch is warning Australian gamblers not to part with money they didn’t plan to during Spring Racing Season, today issuing an alert that confidence tricksters are on the hunt for more victims.
