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Aussies scammed out of $89 million in 2013: report

Thousands of Australians and small businesses were scammed out of a combined $89 million in 2013, according to report released by the Australian Competition and Consumer Commission today. The Targeting Scams report says while the amount of money lost through scams decreased by 5% last year, compared to 2012, the number of scam-related contacts reported […]
Engel Schmidl
Aussies scammed out of $89 million in 2013: report

Thousands of Australians and small businesses were scammed out of a combined $89 million in 2013, according to report released by the Australian Competition and Consumer Commission today.

The Targeting Scams report says while the amount of money lost through scams decreased by 5% last year, compared to 2012, the number of scam-related contacts reported increased by 10% to almost 92,000.

Persons aged 45 to 54 were the most common reporters of scams, and the amount of people aged 65 and over reporting scam contacts nearly doubled to 18%.

Delia Rickard, deputy chair of the ACCC, told SmartCompany the biggest threats to small businesses are false billing scams.

โ€œIt can take a whole range of forms: getting a bill from a domain name register saying it will expire if you donโ€™t pay within 24 hours,โ€ says Rickard.

โ€œ[Or] it could be one of the directory scams where you get a bill or false invoice for a Yellow Pages entry that you never ordered,โ€ she says.

False billing scams made up 3600 of all contacts reported last year, with 445 losses amounting to a total of almost $725,000โ€” a 45% increase in reports, and a 28% increase in the amount of reported losses.ย 

โ€œItโ€™s really important to have systems in place to check whether the bills you are receiving are legitimate,โ€ says Rickard.

โ€œIf something doesnโ€™t look quite right, donโ€™t trust it, and donโ€™t use the contact details in the emails,โ€ she says.

The Federal Department of Communications warned small business owners earlier this month to keep their eyes open for electricity and gas bill scams.

The email-based scam bills, which purport to be from Energy Australia, often have links to malicious websites and can automatically download the malware to victimsโ€™ computers.

The ACCC report suggests businesses receiving suspicious bills should verify them by contacting the companies directly, using contact details sourced independently through an internet search or a phone book.