Aussies have lost a record $3.1 billion to financial scammers in 2022. However, the Australian Competition and Consumer Commission (ACCC) suggests the real figure is likely to be much higher with an estimated 30 per cent of scams going unreported. The findings come from the watchdog’s Targeting Scams report, which combines data from Scamwatch,… Read more »
The way Australians choose to pay and get paid continues to evolve, and so does the nature of fraud. As consumer spending moves further online, fraudsters have unfortunately followed, often targeting small and micro businesses. Visa’s Head of Products and Solutions for Australia, New Zealand and South Pacific, Tiziana Bianco shares three steps small businesses… Read more »
The end of the financial year is near. So all of us — especially those scrambling at the last minute to get their receipts in order — should keep an eye out for the accompanying onslaught of tax scams. Posing as the Australian Taxation Office, in particular, has been a key vehicle for scammers to… Read more »
Aussies lost a whopping $851 million to scams and made 444,164 scam reports in 2020 according to a new report by the ACCC. The Targeting Scams report found losses to scammers had increased by 23 per cent from 2019, jumping $176 million on the 2019 figure. The top three scams Australians were most likely to… Read more »
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