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Showing 1 - 10 of 14 results for "Scamwatch"

ASIC cracks down on scammers

CHLOE WALKER | MONDAY, 4 MAR 2024

... online investment trading platform scams. These fraudulent schemes are commonly found on social media. According to Scamwatch, Australians reported losing more than $8 million to online investment trading platform scams, with 400 reports made last year. ...

ACCC on financial services priorities

CASSANDRA BALDINI | WEDNESDAY, 1 JUN 2022

... with 2022 already seeing a reported $200 million loss so far. "We know typically only 13% of people report losses to Scamwatch so the actual figures are likely to be much higher. Investment scams have had the highest financial impact for Australians ...

Scammers prey on lonely hearts

ELIZABETH MCARTHUR | MONDAY, 14 FEB 2022

This Valentine's Day, Westpac and the ACCC's Scamwatch is urging people to be aware of love scams. Scamwatch found Australians had lost $56 million to love scams last year. This particular breed of scams appears to be on the rise, with 44% more lost ...

Investment scams set to double

ANNABELLE DICKSON | TUESDAY, 24 AUG 2021

... increased reports of cryptocurrency scams, imposter bond scams and Ponzi schemes, according to the ACCC. New data from Scamwatch revealed there has been a 53.4% increase in reports about investment scams received so far with 4763 reports, up from 3104 ...

Aussies lose $328m to investment scams

KARREN VERGARA | MONDAY, 7 JUN 2021

... lost $18 million; a whopping 260% increase compared to 2019. Overall, 444,164 incidents were reported to the ACCC's Scamwatch, the government's ReportCyber, banks and payment platforms in 2020. About $131 million was lost to romance scams and ...

Crackdown on ERS scams continues

ELIZA BAVIN | MONDAY, 18 JAN 2021

... million. Combined, the value of scams rose 23% in 2020, with a rise in investment scams and government impersonation scams. Scamwatch said it received over 5170 scam reports mentioning COVID-19 with over $6.28 million in reported losses since the outbreak ...

Investment scams most profitable

ELIZA BAVIN | TUESDAY, 15 DEC 2020

... all types of scams rose to $18.7 million, up 20.2% from the $15.6 million reported in October, according to the ACCC's ScamWatch. Around 22,000 scams were reported in November across the country, down 16.3% from the 26,432 reported in October. Investment ...

ASIC warns Indigenous Australians over scams

ANNABELLE DICKSON | WEDNESDAY, 19 AUG 2020

... out personal details over the phone and email. There were 2767 scam reports from Indigenous consumers to the ACCC's Scamwatch in 2019, a 14% increase from 2018. Despite the increase in reporting scams, there was a 30% decrease in losses compared to 2018 ...

Cyber criminals jump on ERS

ELIZA BAVIN | TUESDAY, 4 AUG 2020

... opportunities for scams to occur." Simms said the ACCC have been analysing scams data regarding COVID-19 collected via Scamwatch to identify trends, monitor financial losses and inform our scam prevention strategies. He said the ACCC receives a large ...

Investment scams pry $126m from Aussie hands

ALLY SELBY | MONDAY, 22 JUN 2020

... report a scam, suggesting actual figures could be significantly worse. Based on combined data from the big four banks, scamwatch.gov.au and other government agencies, the report found that investment ($126 million) and dating scams ($83 million) were ...

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Funds SA appoints chief investment officer

ANDREW MCKEAN

Funds SA has appointed a new chief investment officer, who will join from Hostplus, to commence in February 2025.

Australian Retirement Trust appoints new chief risk officer

ANDREW MCKEAN

Australian Retirement Trust (ART) has appointed a new chief risk officer that's set to start in March 2025.

UniSuper has 'some work to get on with' on cyber front: Chair

JAMIE WILLIAMSON

UniSuper's leadership team has touched on how the fund is strengthening its operations following the extensive system outage in May this year.

Super framework, SMSFs conducive to financial abuse: Inquiry

KARREN VERGARA

Lax superannuation laws make it too easy for perpetrators of domestic violence to access victims' retirement savings, while the current framework for self-managed super funds (SMSFs) enables financial abuse to flourish, a parliamentary inquiry found.

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