Displaying items by tag: SCAMwatch

Losses to imposter bond investment scams have nearly tripled in the first half of this year with consumers losing over $20 million to these sophisticated scams, according to the competition watchdog the ACCC.

Published in Security
Thursday, 28 July 2022 11:18

Impersonation scams still plague consumers

Consumers have been warned about ongoing scams where scammers are impersonating well-known telecommunications or tech companies like Telstra, NBN Co and Microsoft.

Published in Security

Scammers stole over $66 million last year from Indigenous Australians, people who identified as culturally and linguistically diverse (CALD) and people with disability, according to new data from the ACCC’s annual Targeting Scams report.

Published in Security

Phone calls were the most common contact method used by scammers to target victims in 2021, while text messages were the second-highest contact method used by scammers.

Published in Security

Australians lost more than $2 billion scams in 2021 despite initiatives set out by the government and the private sector, according to ACCC’s Targeting Scams report.

Published in Technology Regulation
Sunday, 10 April 2022 10:13

ACMA moves to shut down SIM-swap scams

New industry rules for telcos will help protect consumers from the devastating impact of scams that target customer interactions with providers, which cost individual victims in Australia an average of around $28,000.

Published in Technology Regulation

Scamwatch, a website run by the Australian Competition and Consumer Commission, urges the public to be mindful of dating and romance scams after the organisation reported a total loss of $56 million last year, up by 44%.

Published in Security

The Federal Government says it has taken strong action to shut down scam text messages, making an important regulatory amendment empowering the telecommunication sector to identify and block SMS scams at source.

Published in Technology Regulation

Let’s talk scams” is the theme adopted by more than 350 partners across government, private and community organisations who have joined the fight against scams in this year’s national Scams Awareness Week.

Published in Security

Middle aged and older Australians suffered the brunt of scams in September with those aged 45 to 54 the hardest hit financially during the month and the aged 65 and over reporting the highest number of scams at 5,642.

Published in Security

Security provider Proofpoint notes the massive growth in scams reported in the latest Scamwatch report, drawing attention to the fact that Australian losses to scammers reached 80% of 2020's total in just six months.

Published in Your Tech

Scammers have stolen more than $7.2 million from Australians so far this year by gaining access to home computers, an increase of 184% compared to the same period last year.

Published in Security
Tuesday, 15 June 2021 15:32

Telstra doubles amount of blocked scam calls

Telstra announced a further milestone in its “Cleaner Pipes” initiative protecting Telstra customers, blocking on average 13 million scam calls per month.

Published in Telecoms & NBN

Australia’s second largest telco Optus says that in 10 years working together with global anti-phishing and online brand protection company FraudWatch they have taken down more than 3,171 phishing emails, brand abuse, fake mobile apps and fake social media sites.

Published in Security

Australians have already lost over $288,000 to vehicle scams in the first quarter of this year, more than all losses reported to Scamwatch in 2019, and scammers have now begun impersonating defence personnel to con their victims, according to the consumer watchdog, the ACCC.

Published in Security

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.

Published in Security
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