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Phone scams nearly triple on this time last year

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According to the Australian Competition and Consumer Commission’s Scamwatch, almost 6500 Australians have reported phone calls from scammers trying to convince them to download software that allows access to home computers and their bank accounts.

So far this year, scammers have stolen more than $7.2 million by gaining access to home computers, an increase of 184 per cent compared to the same period last year.

ACCC deputy chairwoman Delia Rickard says remote access scams are one of the largest growing scam types in Australia. 

In these remote access scams, bad actors pretend to be from well-known organisations such as Telstra, eBay, NBN Co, Amazon, banks, government organisations, police, and computer and IT support firms.

“Remote access scams are one of the largest growing scam types in Australia. Scammers take advantage of the digital world and the fear of fraud and cybercrime to access people’s devices and steal their money,” ACCC deputy chairwoman Delia Rickard said.

These types of scams target and impact all people and can be convincing. People aged 55 and older lost over $4.4 million, accounting for almost half of total losses. Young people reported losing on average $20,000 and eight Indigenous Australians, some in remote communities, lost a total of $38,000.”

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The ACCC has warned people – especially those unexpectedly working from home or in a heightened state of anxiety due to NSW lockdowns – to be sceptical of unexpected phone calls, texts and emails where the caller or sender insists the receiver has been billed for a purchase they did not make, their laptop or phone has been compromised, or their bank accounts have been hacked.

Scammers often tell targets to download remote control software like AnyDesk of TeamViewer, which can help give them access a victim’s bank accounts, emails and personal information.

This type of software is common and above board for IT support to use to monitor and assist remote working employees, but can also be used for nefarious purposes.

‘Independently source contact details’

“It is really important not to let anyone who contacts you out of the blue access your devices, as once you give them access, you have no way of knowing what the person will do to your computer or what programs they may install,” Ms Rickard said.

“If you receive contact from someone claiming to be from a telecommunications company, a technical support service provider or online marketplace, hang up.

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“If you think the communication may have been legitimate, independently source the contact details for the organisation to contact them. Don’t use the contact details in the communication. Also, don’t click on any of the links.”

Proofpoint Australian and New Zealand area vice-president Crispin Kerr, whose software company specialises in enterprise security, said it was concerning to see Australians had already lost 80 per cent of the total amount reported to Scamwatch across the whole of 2020.

He said the latest Scamwatch report showed that scammers continue to steal Australians’ money and take advantage of challenging financial situations, especially with lockdowns.

“A clear trend that’s emerged over the year is that investment scams are disproportionately impacting Australians at a cost of more than $70 million. It’s a shame to see Australians affected by these cheap tricks, which typically promise some kind of way to get rich quickly,” he said.

“We can also see the clear impact of scammers preying on Australians’ emotions like fear and anxiety, with scams suggesting threats to life or arrest and identity theft among the highest losses and the number of scams reported.

“This kind of social engineering plays into the human condition and our vulnerabilities and unfortunately is proving to be very effective.”

Natasha Gillezeau is a journalist for The Australian Financial Review based in the Sydney office. Connect with Natasha on Twitter. Email Natasha at natasha.gillezeau@afr.com.au

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