Markets

Cryptocurrency cons are now the second most popular way to get scammed

Australians have lost $26 million to investment fraudsters this year and cryptocurrency cons are partly to blame. Crypto trading scams have grown significantly in the past 12 months and are now the second most common type of investment scam, the competition regulator reported today. “The rise in popularity in cryptocurrency […]
Cryptocurrency cons are now the second most popular way to get scammed
News

Telco billing scams are on the rise in Australia again

Scammers impersonating energy and telecommunications with fake bills via email and mail appear to be on the rise in Australia with the ACCC Scamwatch receiving more than 5000 reports of people receiving the attempted scam over the past year. ACCC Deputy Chair Delia Rickard said the scammers have impersonated companies […]
Telco billing scams are on the rise in Australia again
News

INFOGRAPHIC: The incredible rise of financial scams in Australia

More than 200,000 Australians reported scams to authorities in 2016, a 47% increase on the previous year. Releasing its annual Targeting Scams report this week, the Australian Competition and Consumer Commission (ACCC) said its own Scamwatch group, along with the Australian Cybercrime Online Reporting Network (ACORN) said the record level […]
INFOGRAPHIC: The incredible rise of financial scams in Australia