Sydney man sentenced over data breach SMS scam

AFP acted quickly on the allegations to protect Australians from identity fraud A Sydney man has been sentenced to an 18-month Community Correction Order, 100 hours of community service and conviction recorded by the Sydney Downing Centre District Court today (7 February 2023) for attempting to blackmail Optus customers whoseโ€ฆ

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Payment redirection scams cost Australian businesses

Scams cost Australian businesses $US227 million last year Australian businesses lost $227 million to payment redirection scams in 2021, a 77 per cent increase compared to 2020, the ACCCโ€™s latest Targeting Scams report reveals. The report compiles data from Scamwatch, ReportCyber, major banks and money remitters, and other government agencies. It showsโ€ฆ

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Australians lose record A$851 million to scams

Scammers capitalise on pandemic. Australians lost over A$851 million to scams in 2020, a record amount, as scammers took advantage of the pandemic to con unsuspecting people, according to the Australian Competition and Consumer Commissionโ€™s (ACCC) latest Targeting Scams report. The report compiles data from Scamwatch, ReportCyber, other government agenciesโ€ฆ

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Payment redirection scams cost Australian businesses

Combined losses reported totaled A$128 million in 2020. Payment redirection scams were the most financially damaging scams for Australian businesses in 2020 according to the Australian Competition and Consumer Commissionโ€™s (ACCC) latest Targeting Scams report. Combined losses reported to Scamwatch, other government agencies, banks and payment platforms totaled A$128 millionโ€ฆ

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Scammers stole close to A$34M from minortities and Indigenous Australians

The CALD community represented a 60 per cent increase compared to 2019, across 11,700 reports. In Australia culturally and linguistically diverse community lose $22 million to scams in 2020, reports from Indigenous Australians up by 25 per cent, reports the Australian Competition and Consumer Commission (ACCC). โ€œLast year we sawโ€ฆ

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Singapore saw an 80 per cent increase in scams during 2020

Total amount cheated was S$254.3 million, which is a 64.3 per cent increase compared to 2019 In a reply to Parliamentary Question on how the police tracks its performance in investigating and solving crimes involving online scams, K Shanmugam, Minister for Home Affairs and Minister for Law stated police haveโ€ฆ

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