Be alert! Online scam made to look real using Channel Nine presenter's image
By
VanessaC
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Scams, unfortunately, are everywhere these days.
They can also be hiding in plain sight.
This week, The Australian Competition and Consumer Commission’s (ACCC) Scamwatch issued a warning about a fake news ad on Facebook.
‘Beware of a fake news ad on Facebook promoting an investment scam,’ the warning read.
‘The segment shows a news presenter and the Assistant Treasurer, but the voiceover is fake. Assistant Treasurer Stephen Jones does not endorse this.
‘Don't click the link or register your details. It's a scam.’
The concerning thing is that you may not immediately know it’s a scam. And according to Scamwatch, Australians lose more money to investment scams than any other type of scam.
Generally, these scams use eye-catching marketing or new and innovative technology—but they often promise you big payouts with little or no risk. In order for them to steal your money, they capitalise on the feeling that you’re getting ‘something for nothing’ and use pressure tactics to get you to act fast.
‘Don't lose your life savings to a money-making opportunity that's too good to be true,’ Scamwatch said.
How To Stay Safe from Scams
As our online presence continues to deepen and broaden, scams are becoming a more common menace, but there are several ways to recognise and deter online scams.
Firstly, always double-check the details. That amazing deal on your screen might indicate the possibility of being duped. Allow yourself to be suspicious, especially about prices that are simply too good to be true. When an offer is triple-checked and it still seems too good to be true, as Scamwatch suggests, it likely is.
Second, be wary of suspicious emails or messages. Scammers send out 'phishing' emails, trying to reel you in. These emails may look like they're from your bank, a government body, or a prominent company—but if it's asking you to update or confirm your personal or financial information, it's time to be on high alert. Always check the sender's email address for any irregularities, and avoid high-pressure sales tactics. Con artists can manipulate emotions, and they know that pressure can result in hurried decisions.
Next, make sure to conduct your research. If you receive an unsolicited call from a company you've never heard of, even if they sound legitimate, take the time to do your investigation. Look them up, read reviews, visit their official website, and so forth. Better yet, err on the side of caution: drop the call and delete all correspondences they sent. Course all contact only with verified official channels.
Another identifying marker is requests for unusual payment methods. Scam artists may ask for payment through cryptocurrencies, prepaid gift cards, wire transfers, or other unconventional methods. This is a big red flag—legitimate businesses typically have more standard and secure payment methods.
It can be very hard to spot a scam, but below is a recap of some of the red flags to watch out for:
Remember, dear members, knowledge is one of the most important weapons against scams. The more you know about the tell-tale signs of scams, the better prepared you will be to spot them.
You may also read up on the latest scams through our very own Scam Watch forum.
Sharing is caring—let us know how you protect yourselves from online scams in the comments below!
They can also be hiding in plain sight.
This week, The Australian Competition and Consumer Commission’s (ACCC) Scamwatch issued a warning about a fake news ad on Facebook.
‘Beware of a fake news ad on Facebook promoting an investment scam,’ the warning read.
‘The segment shows a news presenter and the Assistant Treasurer, but the voiceover is fake. Assistant Treasurer Stephen Jones does not endorse this.
‘Don't click the link or register your details. It's a scam.’
The concerning thing is that you may not immediately know it’s a scam. And according to Scamwatch, Australians lose more money to investment scams than any other type of scam.
Generally, these scams use eye-catching marketing or new and innovative technology—but they often promise you big payouts with little or no risk. In order for them to steal your money, they capitalise on the feeling that you’re getting ‘something for nothing’ and use pressure tactics to get you to act fast.
‘Don't lose your life savings to a money-making opportunity that's too good to be true,’ Scamwatch said.
How To Stay Safe from Scams
As our online presence continues to deepen and broaden, scams are becoming a more common menace, but there are several ways to recognise and deter online scams.
Firstly, always double-check the details. That amazing deal on your screen might indicate the possibility of being duped. Allow yourself to be suspicious, especially about prices that are simply too good to be true. When an offer is triple-checked and it still seems too good to be true, as Scamwatch suggests, it likely is.
Second, be wary of suspicious emails or messages. Scammers send out 'phishing' emails, trying to reel you in. These emails may look like they're from your bank, a government body, or a prominent company—but if it's asking you to update or confirm your personal or financial information, it's time to be on high alert. Always check the sender's email address for any irregularities, and avoid high-pressure sales tactics. Con artists can manipulate emotions, and they know that pressure can result in hurried decisions.
Next, make sure to conduct your research. If you receive an unsolicited call from a company you've never heard of, even if they sound legitimate, take the time to do your investigation. Look them up, read reviews, visit their official website, and so forth. Better yet, err on the side of caution: drop the call and delete all correspondences they sent. Course all contact only with verified official channels.
Another identifying marker is requests for unusual payment methods. Scam artists may ask for payment through cryptocurrencies, prepaid gift cards, wire transfers, or other unconventional methods. This is a big red flag—legitimate businesses typically have more standard and secure payment methods.
It can be very hard to spot a scam, but below is a recap of some of the red flags to watch out for:
Remember, dear members, knowledge is one of the most important weapons against scams. The more you know about the tell-tale signs of scams, the better prepared you will be to spot them.
You may also read up on the latest scams through our very own Scam Watch forum.
Tip
If you think you have come across a scam, or think you may be the victim of fraud, report it online at https://www.scamwatch.gov.au/report-a-scam.
Key Takeaways
- A warning was issued about online scams, especially on the social media platform Facebook, fraudulently using Nine presenter Allison Langdon's image.
- The Australian Competition and Consumer Commission’s (ACCC) Scamwatch shared a warning about a fake news ad promoting an investment scam.
- According to Scamwatch, Australians lose more money to investment scams than any other type of scam.
- Scamwatch explains that scammers often use pressure tactics to force quick decisions, so they advise stopping, thinking, and checking before committing to anything that might be a scam.