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The Scam Catching Out Aussie Businesses

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Australian businesses lost well over $14 million payment redirection scams last year, and average losses so far in 2021 are more than five times higher than this time last year.

Also known as business email compromise scams, this type of scam impacts businesses across many industries, including real estate, construction, law, recruitment, and universities.

ACCC Deputy Chair Delia Rickard joins Jennie Lenman for a chat about it.

More information on scams is on the Scamwatch website, including how to make a report and where to get help. You can also contact CBS on 131 882.

Photo by Negative Space from Pexels