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Scams

This Month

Qantas criminals get in touch but airline won’t say if ransom required.

Person claiming to be Qantas hacker makes contact

One week after 6 million customers’ data was stolen by hackers, the airline says it has been contacted by a potential cybercriminal.

June

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Sophisticated scams rise in the dark side of AI’s explosion

Cybercriminals used to baulk at hurdles to a successful ruse but AI is helping them win people’s confidence.

April

CBA customer wanted to buy $30k in bitcoin. The bank wouldn’t let him

Listen to recordings of Andrew Broadbent’s calls with CBA, which refused to let him make a transfer to buy $30,000 in bitcoin.

Westpac has stumbled into a public relations nightmare after a customer was told he couldn’t transfer money from his account.

Westpac’s $50,000 call centre clash lands bank in PR nightmare

The lending giant thought it had detected a scam. But a customer is adamant he was denied access to his money with no explanation. And he’s gone public.

March

How to launder money and get away with it

Scamming operations mimic professional institutions, employing thousands of people in marketing, sales and human resources departments.

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Ashton Bingham and Art Kulik have earned a huge followership by ‘scamming’ online scammers.

Inside the world of vigilante scam-baiters

They claim to fight for victims of online scammers, but are they really just trying to go viral?

Kapil Kukreja: “There is considerable investment going into AI by banks.”

AI squeezes the juice from data to stop scams

The technology can find patterns with greater accuracy and identify potential fraudulent transactions faster than any human.

January

ASIC commissioner Simone Constant wants super funds to double down on customer service – or risk court action.

‘Weak’ scam protections put trillions of super money at risk

Superannuation funds have been warned they are at risk of becoming “soft targets” for scammers.

Optus has objected to proposed new  laws designed to stop Australians getting spammed.

Optus says tough new scam rules are ‘unworkable’

New rules to stop scams are “unworkable and ineffective”, Optus says. But billionaire Andrew Forrest wants the government to go further.

Eric Siegloff with Christine Collins, whose face we have deliberately blurred at her request.

What it’s like to fall for a crypto scam

Christine Collins, 79, was unknowingly in the thrall of cryptocurrency scammers who had hacked her computer.

Scambaiters do a very important job, investigator Ken Gamble says.

‘Scambaiters’ turn the tables – and police – on internet fraudsters

Vigilantes are devising elaborate ways to waste fraudsters time or trick them into revealing information about their operations that can be shared with authorities.

December 2024

HSBC.

ASIC sues HSBC Australia over slow scam response

ASIC claims some customers of the international bank lost $90,000 due to scammers, after warning it of suspicious activity on their accounts.

November 2024

An AI granny is phone scammers’ worst nightmare

Daisy Harris, an AI-generated grandmother, has been stymying fraudsters with meandering, time-wasting conversations. But can she actually make a dent in scams?

Australian investors in crypto through digital currency exchanges remain exposed given the absence of licensing laws.

Coalition attacks Treasury’s failure to produce crypto protection laws

More than a year has elapsed since Financial Services Minister Stephen Jones promised crypto regulation, leaving gaping holes as more Australians pile into bitcoin and digital coins.

Government Services Minister Bill Shorten is working on trusted digital identities to stop scams and data breaches.

Verifiable credentials: Shorten’s ID push to stop scams

One of the nation’s biggest banks will help test the roll-out of trusted digital identities to stop scams and prevent data breaches of personal information.

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October 2024

Assistant Treasurer Stephen Jones defends the Scams Prevention Network in Melbourne on Friday.

Scam reform lacks teeth

Australia has been a happy hunting ground for criminals running high-tech scams. New laws may not help consumers seeking compensation.

September 2024

Scams are costing Australian households at least $2.7 billion a year.

Toughest anti-scam protections in the world unveiled

Banks, telcos and social media platforms will be required to put help for scam victims front and centre on their websites and boost call centre assistance under new proposed laws.

August 2024

The JCP3 earlier this month coordinated a joint day of action to disrupt scammers.

Younger people overtake Boomers as biggest investment scam victims

More than half of investment scam victims last financial year were aged under 50, while a similar portion of the losses were in cryptocurrency, according to the AFP.

Billionaire businessman Andrew Forresthas won the latest round in an ongoing US court battle against Meta, over scam Facebook ads.

Forrest scores win in US Facebook scam ads case

Mining billionaire Andrew Forrest will now get chance to examine internal Meta documents and its AI software in his bid to prove Facebook helps scammers create fake ads featuring him.

AFP Commissioner Reece Kershaw.

AFP discovers 2000 compromised Australian cryptocurrency wallets

Hundreds of compromised accounts were discovered on crypto exchanges as part of a multi-nation effort dubbed Operation Spincaster.

Original URL: https://www.afr.com/topic/scams-61k