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 InterviewInterview on ABC Sydney Drive21 September 2026 Topics: Refinancing and competition in the home loan market; Hardship support Thomas Oriti: Now, have you had to refinance your mortgage, perhaps because of rising interest rates, or maybe something else? Maybe your work situation changed, and you weren’t bringing in as much money. What was that… Read more »
Banks will better detect, prevent and respond to financial abuse under an updated industry guideline released today by the Australian Banking Association. The ABA has brought together separate resources on financial abuse, including elder abuse and family and domestic violence into a single framework, building on existing industry guidance and supporting the financial abuse provisions… Read more »
The ABA and its member banks are reminding businesses to make sure they are ready for the upcoming Reserve Bank of Australia’s (RBA) card surcharge reforms which take effect from 1 October 2026. These changes mean: ABA CEO Simon Birmingham said banks were supporting business customers to prepare for these changes, along with implementing the… Read more »