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 Commission’s (ACCC) latest Targeting Scams report. The report compiles data from Scamwatch, ReportCyber, other government agencies…

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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 Commission’s (ACCC) latest Targeting Scams report. Combined losses reported to Scamwatch, other government agencies, banks and payment platforms totaled A$128 million…

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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). “Last year we saw…

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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 have…

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Vietnam denies it was behind phishing emails targeting China

Fireye says threat example of latest COVID-19 related espionage The Vietnamese Government has come out and denied it was behind phishing emails targeting the Chinese city of Wuhan and China’s Ministry of Emergency Management. According to Reuters Vietnam’s Foreign Ministry said the reports from Fireye, were “baseless”. “The accusation is…

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