Australians still hooked by phishers
A record number of Australians have fallen victim to phishing scams this year, figures cited by the Courier Mail show.
And despite its media attention, the most prolific and effective con is still the Nigerian letter scam, where consumers are asked to provide their bank account details to help transfer millions of dollars out of a suspended Nigerian account.
Once the bank account details have been passed over, fraudsters then use the info to clear out the account, in addition to taking out personal loans and credit cards to exploit the account further.
To date, it is thought that this scam alone has relieved Australians of $10.5 million.
“Consumers have to be aware that scammers are eager as ever to part them from their hard-earned money,” Australian Competition and Consumer Commission chairman Graeme Samuel.