cryptocurrency

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Crypto ATMs are a clear vector for scam activity focusing on older victims*, charging eye-boggling fees and causing massive harms – “the Albanese Government should do the right thing and ban them now” says Consumer Action Law Centre CEO, Stephanie Tonkin. AUSTRAC reports Australia’s crypto ATMs handle 150,000 transactions moving close to $275 million a year…

Read More Advocates Call for Immediate Crypto ATM Ban as Scam Victims are ‘robbed in broad daylight’

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The National Anti-Scam Centre has seen a significant rise in financial criminals targeting Australians in phishing scams that scare people to believe that their bank accounts or cryptocurrency wallets have been hacked or compromised. These scams use a sense of urgency and fear to make people act quickly and use phrases such as ‘account compromised’,…

Read More National Anti-Scam Centre warns that criminal ‘account compromised’ scams are on the rise

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Original media release by CALC (24/11/2023). Consumer Action Law Centre has welcomed the scams safe accord announced by the Australian Banking Association (ABA) and Customer Owned Banking Association (COBA) which has involved, for the first time, member banks joining forces and agreeing on key steps to enhance scams protections for Australian banking customers. “We are…

Read More Banking Industry Announces First Big Step in Addressing Scams

Fraud Alert

According to the National Anti?Scams Centre (NASC) financial losses to job and employment scams have increased by over 740% in 2023.

Scammers are targeting jobseekers with lucrative offers to complete tasks, tricking unsuspecting victims into handing over their hard?earned money.

Australians have reported losses of $20 million to employment scams this year alone.

Read More Australian’s Urged to Be Alert to Rapidly Rising Employment Scams