BLUF

Australians are being targeted by new online scams. Frightening figures released in April show an increase in scams of 301 per cent, compared to the same period last year.

Summary

This article by Australian Mutual Bank makes the following points:
  • The alarming figures were released by the Australian Competition and Consumer Commission (ACCC).
  • Often, the way the scam works is that the scammers will contact victims and pose as a trusted organisation such as a law firm, fraud task force or a government agency and ask the victim for an up-front payment.
As well as an up-front payment, scammers often ask victims to fill out fake paperwork or provide identity documents. Scammers may also request remote access to computers or smartphones, enabling them to scam their unsuspecting victims.

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