iTWire - Payment redirection scams cost Australian businesses $128 milion in losses in 2020
iTWire Wednesday, 09 June 2021 11:42 Payment redirection scams cost Australian businesses $128 milion in losses in 2020 Featured Payment redirection scams were the most financially damaging scams for Australian businesses in 2020 according to the competition watchdog, the ACCC’s latest targeting scams report. Combined losses reported to Scamwatch, other government agencies, banks and payment platforms totalled $128 million in 2020 - with Australian businesses losing $18 million to scams in 2020, a 260% increase on losses reported in 2019. “Small and micro businesses ...
Source: itwire.com