Couple loses $800k to rising scam method

The Australia n Competition and Consumer Commission ’s Scamwatch service says the problem is only getting worse Down Under. One of the worst hit victims was a couple who lost an astonishing $800,000 to a sophisticated scam.

High-value industries such as real estate and construction are frequently targeted due to the large sums typically invoiced. Travel companies and car dealerships have also been recent targets. The couple that lost over $800,000 had paid the sum to a fraudulent bank account provided by a scammer impersonating their solicitor as they attempted to secure a property.

The ACCC advises you verify who you are dealing with before making large payments. If you are suspicious or have mistakenly transferred money, immediately contact your bank and Scamwatch. That stark figure represented a whopping 57 per cent increase from the previous quarter, with older Australians also at risk from investment and romance scams.

Contact Information Car Dealerships Australia And New Zealand Fake Invoices Compromised Email Accounts Real Businesses Real Estate Fraudulent Invoices Payment Details Fraudulent Bank Details Consumer Commission Oceania Property Settlement Scam Fake Invoice Scams Incident Rising Details Directing Payments Payment Redirection Scams Modified Payment Details Australia Substantial Losses Fake Invoice Travel Companies Official Website

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