Australian businesses reported over $14 million in losses to Scamwatch due to payment redirection scams last year, and average losses so far in 2021 are more than five times higher compared to average losses in the same period in 2020, according to the ACCC.
An SMS popped into my iPhone's messages inbox last night, proclaiming to be an "IMPORTANT MESSAGE FROM COMMBANK". Given I don't use that particular bank, well, it was obviously a scam, but some might be fooled.
Losses by Australians to dating and romance scams are expected to be much higher this year as scammers turn to a new technique - romance baiting - using dating apps to lure victims into investment scams, according to the consumer watchdog, the ACCC.
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Nice article. Thanks for reporting on this.
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