ACCC; Business losses to scams up 23%
24 May 2018
Scammers swindled nearly $4.7 million from Australian businesses in 2017 according to the ACCC’s latest Targeting scams report – a 23 per cent increase compared to 2016.
The ACCC’s Scamwatch service received 5432 reports from businesses about scams in 2017. Businesses that fell victim to scammers lost an average of nearly $11,000.
“Scammers don’t discriminate and businesses have what scammers want: money. They’ll use a variety of cons to swindle busy workers and it can be very devastating to a business’s bottom line,” ACCC Deputy Chair Dr Michael Schaper said.
Small businesses with fewer than 20 staff were most likely to be targeted by scammers and accounted for more than 50 per cent of reports to the ACCC. Businesses were most likely to be targeted with false billing scams (1323 reports), while ........
Scammers swindled nearly $4.7 million from Australian businesses in 2017 according to the ACCC’s latest Targeting scams report – a 23 per cent increase compared to 2016.
The ACCC’s Scamwatch service received 5432 reports from businesses about scams in 2017. Businesses that fell victim to scammers lost an average of nearly $11,000.
“Scammers don’t discriminate and businesses have what scammers want: money. They’ll use a variety of cons to swindle busy workers and it can be very devastating to a business’s bottom line,” ACCC Deputy Chair Dr Michael Schaper said.
Small businesses with fewer than 20 staff were most likely to be targeted by scammers and accounted for more than 50 per cent of reports to the ACCC. Businesses were most likely to be targeted with false billing scams (1323 reports), while ........
