Payment redirection scams were the most financially damaging scams for Australian businesses in 2020 according to the ACCC’s latest Targeting Scams report. Combined losses reported to Scamwatch, other government agencies, banks and payment platforms totalled $128 million in 2020.
This is a companion discussion topic for the original entry at https://www.scamwatch.gov.au/news-alerts/payment-redirection-scams-cost-australian-businesses-128-million-in-2020