Cyber ​​Scams: Australians Lost $33 Billion to Online Criminals

Cyber ​​Scams: Australians Lost $33 Billion to Online Criminals

“Nearly 500 ransomware cybercrime reports, an increase of nearly 15 per cent from the previous financial year.” Earlier this month a Victorian woman lost hundreds to a scam on Facebook Marketplace. The keen cyclist, who wished not to be named, transferred $600 for the component for a bike she was building and $25 for postage, only to have the seller, who was posing as a family man from regional Victoria, delete their profile and be wiped from the internet. “I was really annoyed with them and I guess with myself that it had happened,” the woman told news.com.au, adding that she was a regular buyer on the platform and considered herself cautious.

Australians have been victims of a surge in cybercrime, and scammers plundered more than $ 33 billion last year alone.
At the Cyber ​​Security Center in Australia, a pandemic forced more employees to work from home, increasing the number of reported online crimes by 13%. There was also a self-reported loss of over $ 33 billion. ASCS states in its annual report that fraud, online shopping and online banking fraud are the most popular schemes. “Australian lost money and personal information in more than 75% of pandemic-related cybercrime reports,” he says.

“It just shows it must be pretty easy to do, to set up a fake profile … their profile is there and then it`s just gone and you have no trace of them. “Usually we go onto the person`s profile and see if they`ve sold anything before on certain groups, how many friends they`ve got, just to make sure they`re legit. This person seemed to be a legitimate person, so I thought it was okay. ” It was only a few days after paying her money that the woman and her partner discovered that her seller’s profile and ads had been removed. At first she said she suspected that there might be other reasons for the profile to disappear until the same image of the group, a component that was sold at double the price, was found on Gumtree.

By the end of November this year, Scamwatch had received 1,232 fraudulent reports mentioning the Facebook market and lost $ 781,774, according to 4,444 data from Australian consumer protection agencies. This number can be high as not everyone reports their experience on the website.

Business Australia warned earlier this month that ransomware attacks against small businesses are occurring every 11 seconds.
Industry groups say that cybercriminals are using pandemics and remote workshifts, increasing attacks by 30% in the last six months and making Australian SMEs the number one target for cybercrime. discovered. According to the Australian Cyber ​​Security Center, funded by the federal government, ransomware attacks on Australian companies also increased by 60% last year.

Even more worrisome, one-third of Australian companies affected by the ransomware attack pay the ransom. “The average company’s ransomware costs $ 280,000, and every 11 seconds a ransomware attack occurs and escalate,” said Phil Parisis, General Manager of Business Australia’s products. “Both methods are very common, very easy for many companies, very simple and sedentary ducks.” From this story Business Australia has 11 seconds of ransomware attacks on small businesses. It warns that it will occur every time. Industry groups say that cybercriminals are taking advantage of pandemics and remote shift shifts, increasing attacks by 30% in the last six months and making Australian SMEs the number one target for cybercrime. discovered.

According to the Australian Cyber ​​Security Center, funded by the federal government, ransomware attacks on Australian companies also increased by 60% last year. Even more worrisome, one-third of Australian companies affected by the ransomware attack pay the ransom. “The average company’s ransomware is $ 280,000 and ransomware attacks are escalating every 11 seconds,” said Phil Parisis, General Manager of Products at Business Australia. “Both methods are very common, and in many companies it’s very simple and very easy to do because the ducks are sitting.”

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