Government gears up for war on scammers

Government gears up for war on scammers
The authorities has promised to launch offensive assaults on on-line scammers who’re busy fleecing harmless Australians for billions yearly.

Speaking about an $58 million struggle chest that can fund a National Anti-Scam centre to open in July, Assistant Treasurer Stephen Jones detailed how government-backed “hit squads” and “fusion cells” will “take the fight” to scammers.

The variety of Australians falling sufferer to a wide range of crude and thoroughly choreographed scams is skyrocketing, and Jones fears that the startling enhance is “probably the tip of the iceberg because a lot of people don’t report”.

Last week's Budget allocated $58 million in funding to complete the setup of the National Anti-Scam centre over the next two years.
Last week’s Budget allotted $58 million in funding to finish the setup of the National Anti-Scam centre over the subsequent two years. (Getty Images/iStockphoto)

Last month, the ACCC confirmed Aussies had misplaced no less than $3.1 billion to scams in 2022, an 80 per cent enhance from the 12 months earlier than.

Jones mentioned the anti-scam centre would have three key methods, together with the formation of models he described as “fusion cells” to “go after” criminals.

“Think of them has a hit squad,” Jones mentioned.

“This is about getting experts together across regulators, law enforcement, the finance sector, telecommunications and social media platforms, bringing their expertise together for a short-term action, a hit squad, to go after particular sorts of scams.”

Jones additionally promised a greater alert system that may share data throughout key events as quickly as somebody reported that they had been scammed.

“It’s about ensuring that when reports are made, wherever they’re made … we are sharing the information so that the people who need to know that there are scammers out there in the field are able to act on it quickly,” he mentioned.

“As soon as money leaves a person’s bank account, it’s almost too late.

“This is all about making certain that we are able to knock the scams on the top … to make sure that we do not let the scams unfold.”

ACCC's Scamwatch has alerted Aussies about convincing bank impersonation scams.

Bank customers warned of convincing new scam

Educating people on the kinds of scams being used and the danger signs to look out for was the other “necessary initiative”, Jones said.

The National Anti-Scam centre will be phased in from July, with capability, including data-sharing technology, to be built over the next three years.

Jones said the centre will work closely with Australian Securities and Investments Commission in taking down scam websites.

The centre will also will combat telecommunications scams alongside the Australian Communications and Media Authority.

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Source: www.9news.com.au