If you have ever paid a bill or invoice online, how closely have you checked the details? The cost of fake invoice scams is rising in Australia, with the Australian Competition and Consumer Commission's Scamwatch service reporting one couple has lost $800,000. In 2023, Australians reported losing $16.2 million to payment redirection scams, and the money lost per scam appears to be increasing. Now, the ACCC has issued a warning over fake invoices from scammers impersonating businesses.
It shared the story of one couple who lost more than $800,000 while finalising a property settlement. The couple said they were emailed transfer details from their solicitor's email address, but unbeknown to them the bank details were incorrect and the money they transferred went to a scammer. In a statement, the ACCC said it was also aware of an Australian man who had lost more than $35,000 after scammers compromised the email account of the car dealership he was buying a car from.
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