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
E&OERadio InterviewABC Radio Sydney29 July 2026 Topics: ASIC report into offset accounts Thomas Oriti: Do you have an offset account? I think most people with a mortgage do. If you don’t know what I’m talking about, it’s an account that’s linked to your mortgage and it saves you interest. So, I’ll give you an example…. Read more »
E&OETV InterviewABC News29 July 2026. Topics: ASIC report into offset accounts Ros Childs: Borrowers are being advised to check if they have paid more interest than they should following an ASIC review. The two-year review conducted by the corporate watchdog has found weaknesses in how eight banks monitored and managed offset accounts, resulting in borrowers… Read more »
E&OETV InterviewDoorstop29 July 2026 Topics: ASIC report into offset accounts Journalist: Simon, what’s your reaction to the report from ASIC today? Simon Birmingham: ASIC’s report is really important and it’s welcomed by the banking industry. This report shows that in well over 99 per cent of cases, mortgage offset accounts are working exactly they should… Read more »