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 urging Indigenous consumers, especially those living in rural and remote communities, to be on the lookout for scammers trying to trick you into handing over your personal details or money.
