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Warrnambool residents warned of phone scammers seeking personal banking details – 2 June 2020
Phone scammers in Warrnambool are calling ‘Customer Owned Banking Association’ customers and claiming to be from the ‘fraud department’, in order to get personal information that is used to steal their funds.
Corporate fraud on the rise as ASX 200’s bend focus to COVID-19 – 2 June 2020
According to a study by the ‘Big Four’ Accounting firms, Corporate Australia is more vulnerable than ever to fraud under Covid-19 conditions. Reduced financial controls, lack of segregation of functions, inability to verify receipt of goods are some of the reasons.
ASIC on the hunt for unlicensed advice and scams – 2 June 2020
ASIC is has formed two working groups to target people who are providing unlicensed financial advice and scams that target unwary consumers during the pandemic.
https://www.professionalplanner.com.au/2020/06/asic-on-the-hunt-for-unlicensed-advice-and-scams/
PayPal on crime-fighting crusade as virus drives online payment surge – 1 June 2020
PayPal says it will continue to work with local law enforcement agencies to prevent its platform being used by criminals, including COVID-19 scammers, as transaction volumes surge to record levels with the pandemic accelerating growth in online payments.
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