As Australians become more scam conscious, the scammers are going to greater lengths such as ingeniously impersonating a customer’s bank or telco to pinch their hard-earned cash.
Defence Bank strongly supports Scams Awareness Week which is an annual campaign that aims to reduce the impact of scams by helping consumers identify and avoid scams.
The campaign is hosted by the Scams Awareness Network and led by the Australian Competition and Consumer Commission. The network aims to reduce the impact of scams by raising awareness and encouraging the public to talk about scams and report them.
Scams cost Australian consumers, businesses and the economy hundreds of millions of dollars each year and cause serious emotional harm to victims and their families.