Australians have lost at least $73 million to scams this year, and while the consumer watchdog says the financial impact caused by them is falling, we've been warned to remain vigilant.
In phishing scams, the scammer will masquerade as a legitimate business in an attempt to extract identity or financial information so that the scammer has enough information to access things like bank accounts or superannuation accounts and to open accounts in the victim's name. "If you receive a call like this hang up and contact bank immediately," Skilton said.
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