‘Quishing’, ‘vishing’ and AI scams – the new cybercriminal techniques duping Australians

Australian Signals Directorate sounds alarm on ‘shifting tactics’ by state-sponsored hackers and cybercriminals, and targeting of critical infrastructure

Cybercriminals are using fake QR codes or sophisticated artificial intelligence scams to trick Australians into giving up their private details or downloading dangerous files, the nation’s signals intelligence agency has warned, as fraudsters take advantage of the technology’s popularity.

The Australian Signals Directorate also sounded the alarm on the “shifting tactics” of state-sponsored hackers and cybercriminals, who they said are burrowing into computer systems of businesses and other organisations and then sitting quietly to avoid detection until they choose to strike.

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Markets and farm shops among targets of organised crime gangs, say experts

Smoked salmon, artisan cheese and fine wine among food and drink lost by European outlets

Small food producers are increasingly being targeted by organised crime gangs and rogue industry insiders looking to exploit national and global supply chain challenges , according to food crime experts.

The warning comes after several food businesses in the UK and continental Europe revealed how they had lost hundreds of thousands of pounds in scams where thieves apparently posed as legitimate buyers.

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Jamie Oliver asks cheese lovers to help catch thieves behind £300,000 cheddar scam

London’s Neal’s Yard Dairy swindled out of 950 wheels of award-winning cheddars delivered to alleged fraudster

The celebrity chef Jamie Oliver has encouraged cheese lovers to help police catch scammers who defrauded a London dairy out of more than £300,000 worth of English and Welsh cheddar.

Neal’s Yard Dairy, a distributor and retailer of British artisan cheese, delivered 22 tonnes of award-winning clothbound cheddar to the alleged fraudster posing as a wholesale distributor for a large French retailer before realising it had been duped.

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Asic taking down average of 20 scam websites a day

Crypto scams accounted for 615 takedowns, the regulator says, as total number exceeds 7,300 in 12 months

More than 7,300 websites have been taken down in the first year of operation of the Australian Securities and Investment Commission’s service targeting investment scams, the regulator has revealed.

Since the beginning of the program in July 2023, Asic said it had shut down thousands of scam websites that offer fake investment trading platforms and cryptocurrency investments that are often spread online through social media containing false celebrity endorsements.

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Labor’s planned anti-scam laws are too complicated, too lenient and too slow, advocates say

Federal government’s promise to force banks to reimburse scam victims criticised as ‘too vague’ and ‘a mess’

The government’s proposed reforms to laws on financial scams let the banking system off the hook, are inferior to policies applied overseas, are complicated for victims and will not be legislated before Australians lose many more billions of dollars, according to consumer advocates.

The scathing criticism comes after an address by the assistant treasurer, Stephen Jones, who vowed on Wednesday to force banks, telcos and social media platforms to reimburse scam victims if their systems prove inadequate, as techniques used by fraudsters grow increasingly sophisticated.

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Australian mining magnate Andrew Forrest can sue Meta over Facebook scam ads, US court rules

The Australian mining magnate can try to prove that Meta was negligent in allowing scam ads on Facebook, judge says

A US judge has rejected Meta Platforms’ bid to dismiss a lawsuit by billionaire Australian mining magnate Andrew Forrest over scam Facebook advertisements that use his likeness to promote fake cryptocurrency and other fraudulent investments.

In a decision on Monday, US district judge Casey Pitts in San Jose, California, said Forrest could try to prove that Meta’s negligence in allowing the ads breached its duty to operate in a commercially reasonable manner.

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Australia news live: ‘full suite’ of policy measures needed to change culture of male violence, PM says; ACTU calls for 9% gender-based pay rise

Albanese has called an urgent national cabinet meeting as thousands rallied to end men’s violence against women. Follow the day’s news live

The prime minister, Anthony Albanese, has been making the rounds on breakfast television this morning, currently speaking on ABC News Breakfast.

He is asked why the government won’t declare violence against women as a national emergency?

When we declare a national emergency, things kick in [such as] one-off payments for people – for a bushfire, for a flood, for something like that. I don’t really want to get into a debate here that misses the point over whether it’s a national emergency or a national crisis. But an emergency declaration by state or territory governments kicks in immediate one-off actions by the federal government. What we need here is not one-off actions. What we need here is a concerted plan.

The organisers throughout the country deserve credit for organising these rallies. I was happy not to speak. I was happy to speak, it was about raising awareness of the issue, but a call to action by all governments, quite clearly, we need to do more.

It’s not enough to just have empathy. The fact that one a woman dies every four days, on average, at the hand of a partner, is just a national crisis. So I’ll be convening the national cabinet on Wednesday. We’ll talk about what more we can do. Clearly governments need to do more, but as a society as well, we need to acknowledge that we need to change behaviour. We need to change attitudes. We need to change culture, because it is completely unacceptable.

I’m focused on the issue, Karl. It was an emotional day for people and I get that, on what is an emotional issue. Because women were saying yesterday, enough is enough.

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Andrew Forrest accuses Facebook of ‘blatantly refusing’ to take action against scam ads

The Australian billionaire’s criminal case against Meta in WA was discontinued on Friday by the commonwealth prosecutor

The Australian billionaire and philanthropist Andrew Forrest has accused Facebook’s parent company of “blatantly refusing” to take action against scam ads on its platform, as a criminal case he brought against Meta in WA was discontinued.

On Friday, the commonwealth Director of Public Prosecutions filed a discontinuance motion in the criminal case brought by Forrest in the Western Australia district court over scam cryptocurrency ads bearing his likeness on Facebook.

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Millions more in cash needed to fund UK’s open-banking watchdog

Exclusive: £10m needed for regulator charged with developing tools to thwart financial crime and protect consumers

Banks are under pressure to stump up millions of pounds in interim funding for the organisation that polices open banking, with regulators saying the new money is needed to prevent financial crime and protect consumers if things “go wrong”.

Large banks including NatWest, HSBC, Lloyds and Santander UK were among more than 40 City firms summoned by the Financial Conduct Authority (FCA) last week to discuss a cash injection into Open Banking Limited (OPL), the body that oversees innovation in this area.

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Amount of fraud in UK more than doubled to £2.3bn in 2023, report finds

Accounting firm BDO also warns of future impact of fraudsters using artificial intelligence to rip off customers

The amount of fraud committed in the UK more than doubled to £2.3bn in 2023, marking the second-biggest year for scams in the last two decades, according to a report that also warns of the future impact of fraudsters using artificial intelligence to rip off consumers.

The accounting firm BDO’s latest FraudTrack report found that the number of reported cases rose by 18% to a three-year high, and the number of high-value cases over £50m increased by 60% year-on-year in 2023. Half of the high-value frauds were over £200m.

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Police hunt alleged $8.7m Melbourne property swindler and warn of ‘pig butchering’ scams

Detectives believe man is targeting single women – while AFP shines spotlight on romance fraud

Law enforcement agencies are on the hunt for a man accused of stealing millions from property market investors as police warn Australians to be on guard against “pig butchering” scams before Valentine’s Day.

A Victorian man is alleged to have fleeced wannabe property market investors of $8.7m by claiming to be a developer who offers to help people demolish their homes and build townhouses in their place.

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Dick Smith criticises Facebook after scammers circulate deepfake video ad

Businessman warns people to ‘never ever’ purchase from advertisers on Facebook and Instagram after ‘totally fraudulent’ video appears

Australian businessman Dick Smith has urged people to stop buying anything from Facebook or Instagram after a deepfake video of him spruiking an investment opportunity was circulated by scammers online.

Smith posted a message on his personal website on Monday afternoon about the video, which was designed to appear like a segment on A Current Affair, featuring host Ally Langdon apparently interviewing him, Gina Rinehart and Andrew Forrest.

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Australian banks buckle to pressure over scams and vow to block transfers to suspect accounts

Consumer groups have long lobbied for institutions to crack down on scams by rejecting transfers if name and bank details of recipient don’t match

Australian banks have buckled under pressure and will do more to fight scams by introducing technology that will block customers from transferring money to some fraudulent accounts.

The banks had initially resisted calls – including from the Australian Competition and Consumer Commission (ACCC) and the Consumer Action Law Centre (Calc) – to block transfers if the name and bank details of the recipient did not match.

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Taylor Swift: warning over fake tickets as NAB urges punters to be wary of social media scams

Concern around fake Taylor Swift ticket scams comes as bank reveals $220,000 worth of transactions abandoned daily

National Australia Bank has warned punters to be on the lookout for scams on social media sites claiming to have tickets to high-profile sold-out concerts such as Taylor Swift in the coming months.

The bank said on Thursday that after alert prompts were introduced into its banking app and online banking site in March warning customers they might be scammed, about $220,000 worth of transactions were abandoned a day. These alerts have since been expanded to cover ticket and marketplace scams.

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Online daters warned of fraudsters posting fake celebrity profiles

Police say romance fraud has ‘soared’ but true extent unknown as many victims do not come forward

Police have warned online daters of the risks of fake celebrity profiles after a woman lost about £5,000 to a romance fraudster posing as TV chef James Martin.

Nottinghamshire police said the scam is part of a trend where fraudsters pose as celebrities on dating profiles to lure fans.

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California man hid mother’s death for more than 30 years to collect benefits

Donald Felix Zampach collected over $830,000 in his mother’s social security and military retirement payments

A California man has pleaded guilty to hiding his mother’s death for more than three decades while he collected her social security and military retirement payments, a scheme the US attorney said is believed to be the longest-running and largest fraud of its kind in the district.

Donald Felix Zampach of Poway, about 20 miles north of San Diego, collected over $830,000 of public funds and nearly $30,000 in fraudulently opened credit cards over the course of three decades, US attorney Randy Grossman said last week.

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Dating cons and dodgy apps among most common scams, says UK watchdog

Which? magazine also lists fake missing person appeals among most widely used deceptions

Dating cons known as “pig butchering”, fake missing person appeals and dodgy apps are among the most widely used and convincing scams in circulation this year, according to Britain’s leading consumer watchdog.

Pig butchering – so-called by fraudsters because they “fatten up” the victim by forming a romantic connection before executing the investment part of the scam – has been flagged by Which? magazine as one of the most pernicious scams.

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Australian banks announce new anti-fraud platform to help quickly freeze scam payments

Move adds to ‘arsenal of anti-scam initiatives’ as consumer rights groups call for laws to see banks reimburse victims

Australian banks have announced a platform that will help them act quickly to freeze money being sent to scammers by allowing the reporting of bank-to-bank scam payments in close to real time.

On Tuesday the Australian Banking Association announced the new Fraud Reporting Exchange (FRX) platform, which will facilitate the quick reporting of fraudulent payments as they are transferred to another bank. The move will boost “the likelihood that funds can be frozen and returned to customers”, the association said in a statement.

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Clampdown on cold calls and mass texting technology announced in UK

New fraud strategy responding to web- and phone-based scams will result in recruitment of 400 new ‘specialist investigators’

Ministers have announced a clampdown on the use of cold calls to sell financial products and on technology which allows mass texting of numerous phones as part of a strategy to combat fraud, now the UK’s most common crime.

The new fraud strategy, a response to the massive growth of web- and phone-based scams, will alsoresult in what was billed as 400 new specialist investigators across police and the National Crime Agency recruited as part of a revamp for how the the crime is investigated.

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Harry Styles fans left out of pocket as ticket scams jump 529%

Huge increase in fraud accompanies record number of UK live entertainment tickets sold in 2022

Concert ticket scams have soared by more than 500% over the last year, with those defrauded losing an average of £110, as criminals target fans of leading acts including Harry Styles and Lewis Capaldi.

The UK’s live music industry has bounced back after the pandemic, but gig-goers have been warned to be on their guard against ticket scams, particularly as the festival season prepares to kick off.

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