NBN Co is continuing its efforts to educate the community from scammers who are increasingly deceiving Australians with new and variations of common nbn themed scams emerging in recent months.
nbn themed scams are one of most common scams reported to Scamwatch, with more than 2,300 reported between January and June this year with losses of $320,624.
Australians lost more than $900,000 from nbn impersonation scams in 2019 with the highest number of reports and losses coming from people aged 65 years and older.
But it is not just people at home who are at risk.
In 2019, businesses reported 5904 scams to Scamwatch with losses of over $5.3 million with business email compromise (BEC) scams causing the largest losses of any scam type ($132 million).
BEC scams affect businesses, suppliers and individuals by tricking people into paying invoices to scammers’ bank accounts instead of the legitimate account.
In fact, Scamwatch reports from businesses show that false billing scams caused the highest losses, at $2.7 million (including some business email compromise reports).