So far this year, losses from Australians to investment scams increased by 90% to AU$103 million with the Australian Competition and Consumer Commission (ACCC) saying payments made to scammers are most often made in cryptocurrency. This is just one of the many disruptions occurring across the financial services evolving threat landscape.
With the latest figures from the ACCC suggesting scammers are showing no signs of slowing down in 2022, AFIA members need to stay hyper-vigilant for scam activity across their organisations and remain aware of the new and emerging sophisticated scam methods that the industry faces.
In this webinar Jayde Richmond, ACCC Scamwatch Director – Consumer Strategies & Engagement, talks with Roza Lozusic,Executive Director Policy & Strategy, AFIA about:
the top scams in 2022 e.g cryptocurrency and hacking scams
ACCC activities being undertaken to combat scams
flood-related scams and the risks to SME’s
payment features such as PayID and e-invoicing
coordinated industry action to counter cybercrime and scam activity.