27 November 2024
Shoppers on the hunt for a bargain during the Black Friday sales period are being warned to be on high alert for scams.
The Australian Banking Association is reminding shoppers to be on the lookout for popular scams that are circulating:
- Buying and selling scams – Scammers create websites that closely mirror legitimate sites to deceive people into fake purchases.
- Parcel tracking scams – Fake parcel notifications sent via text message or email tricking people into sharing personal or financial information.
ABA CEO Anna Bligh said scam activity always surges during the Black Friday sales period and scammers will use every trick in the book to steal money from shoppers.
“Shoppers should be on high alert this Black Friday that the deal you’re getting might be too good to be true.” Ms Bligh said.
“While you’re on the lookout for a good deal, be careful you don’t get more than you bargained for.
“Black Friday is an opportune time for scammers and they are out in force trying to steal your hard-earned money.
“Be aware of shonky websites imitating popular brands and fake parcel notifications sent via text or email asking you to share personal information.
“It pays to double check that the website you are buying from is legitimate, to ensure you get what you purchased.
Ms Bligh said banks have put in extra safeguards in place to protect customers under the industry’s world-leading Scam-Safe Accord.
“Banks are deploying a range of tools to protect customers such as confirmation of payee technology, more payment warnings and delays, identity checks and enhanced intelligence sharing.”
For more information on scam warning signs, please visit: https://www.ausbanking.org.au/scams-hear-the-alarm-bells/
Contact: Benn Ayre | [email protected] | 0428 342 325
Twitter | Facebook | LinkedIn | www.ausbanking.org.au
Latest news
Thank you for the opportunity to appear alongside our friends and colleagues at COBA today. The Cash Distribution Framework Bills are a critical step to provide security to the long-term availability of cash in Australia. Our written submission sets out our position in detail. Today I will focus on a few key points. The banking industry is committed to ensuring that Australians who… Read more »
E&OERadio Interview2SM Sydney21 July 2026. Topics: Buying and selling of bank accounts; Efforts to combat money laundering Tim Webster: Look, we spoke to Peter Price from Crime Stoppers, the boss at Crime Stoppers, about this banking mules. I mean, this ridiculous situation where the young ones are coerced into being, you know, money mules and… Read more »
Check against delivery Thank you, Chair, and members of the Committee, for the opportunity to appear today. Improving productivity is one of the defining economic challenges facing Australia, and many developed economies. Productivity ultimately determines whether real wages rise, whether Australia remains an attractive place to invest, and whether the next generation is better off… Read more »