Scams

Beware high risk, no reward investment scams

The ACCC is warning the community to watch out for investment scammers who promise the world but leave their victims with broken dreams and empty bank accounts.

“In the first half of 2017, Australians have reported losing over $13 million to investment scams to the ACCC’s Scamwatch website, making it the most profitable of all the current scams. It is likely that losses are much higher as many victims do not report scams or contact other authorities,” ACCC Deputy Chair Delia Rickard said.

Businesses lost an average of $10,000 to scams in 2016

Nearly 6000 businesses reported being targeted by scams in 2016 according to the Australian Competition and Consumer Commission’s Targeting Scams report, with losses totalling around $3.8 million, an increase of almost 31 per cent.

The highest losses were to computer hacking, fake investment schemes and buying and selling scams, according to reports made to Scamwatch over the past year.

Targeting scams: report of the ACCC on scam activity 2016

This report explains key trends in scam activity and highlights the impact of scams on the community.

Don’t get scammed by dodgy internet pop-ups

The Australian Competition and Consumer Commission is warning people to watch out for dodgy internet pop-up windows claiming there are viruses or other seemingly nasty tech problems affecting their computer.

Known as remote access scams, these pop-up windows are used as a ploy to get unsuspecting victims to call a fake support line – usually a 1800 number. The scammer will then ask for remote access to their victim’s computer to ‘find out what the problem is’.

Don't give your heart to a scammer this Valentine's Day

The ACCC is warning people to be wary of scammers when looking for romance online with social media now the most common method scammers use to contact potential victims.

In 2016, 4100 Australians contacted the ACCC’s Scamwatch service to report dating and romance scams and more than $25 million was lost: the largest amount of money lost to any type of scam. Stats also show Facebook is a popular contact method used by romance scammers, and that those aged 45 and over are most likely to be affected.