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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
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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 made most of the reports to Scamwatch and experienced an increase in losses in 2020, although larger businesses reported the highest losses,” Australian Competition and Consumer Commission (ACCC) Deputy Chair Mick Keogh said. ....

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Sindh to impose vaccination condition on schools, businesses for reopening

If someone wants to reopen a school, he/she will have to get all teachers and staff vaccinated against coronavirus, says CM Sindh Murad Ali Shah ....

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Sabah govt announces further restrictions on operating hours for Tawau, Kalabakan businesses

KOTA KINABALU: The state government has decided to further restrict business operation hours in Tawau and Kalabakan from 9am to 5pm daily due to the worsening number of Covid-19 cases and the rate of transmissions in these two areas.
Datuk Seri Masidi Manjun said the restricted hours would apply to eateries, food trucks, markets, supermarkets, pet stores, petrol stations, electrical shops, car wash and e-commerce activities.
Masidi – the minister in charge of Covid-19 matters in Sabah - said this rule will be in effect until further notice.
As of Saturday (June 5), Tawau recorded the highest number of new cases in the state with a total of 58 and a death, while Kalabakan recorded two new cases. ....

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Small businesses are still fighting for financial relief from the pandemic

Governor Bill Lee is requesting more money for pandemic relief to help businesses. A state panel wants to get $44 million for payouts. Some local businesses are fighting to stay open and say more relief will help. ....

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