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YOUNG PEOPLE MOST LIKELY TO FALL VICTIM TO SCAMS
Australians are more likely to fall victim to a scam than ever before, and new
details about who is most likely to be scammed might surprise you.
Eli Green
2 min read
April 26, 2023 - 12:01AM
NCA NewsWire
‘Have a safe word’: Simple solution to protect family members from scam callers
Media and Communications Adviser Hamish MacLauchlan Lester discusses a simple
way to protect family members from scam callers.
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‘HAVE A SAFE WORD’: SIMPLE SOLUTION TO PROTECT FAMILY MEMBERS FROM SCAM CALLERS
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Media and Communications Adviser Hamish MacLauchlan Lester discusses a simple
way to protect family members from scam callers. “The very just practical level
is – do you have a safe word?” Mr Lester told Sky News host Cory Bernardi. “You
can’t trust who’s calling you anymore.”
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Media and Communications Adviser Hamish MacLauchlan Lester discusses a simple
way to protect family members from scam callers. “The very just practical level
is – do you have a safe word?” Mr Lester told Sky News host Cory Bernardi. “You
can’t trust who’s calling you anymore.”
More from technology
CYBER WARNING FOR AUSSIE BUSINESSES
GRIM WARNING OVER SINISTER TEXT SCAM
COPS CRACK ALLEGED BANK CARD FRAUD PLOT
Young people are the most likely to have fallen victim to a scam, challenging
perceptions over who is the most vulnerable to fraudsters.
People aged between 18 and 29 are the least concerned about becoming a victim
but more likely to experience a scam or cyber attack, according to research from
NAB.
Only 16 per cent of men and 18 per cent of women in that age bracket said they
were concerned about being scammed.
Young people may believe they have the digital savvy to avoid scams, but the
data shows that’s not the case. Picture NCA NewsWire / Gaye Gerard
However, twice as many men (34 per cent) and women (38 per cent) in that age
group had become a victim of a cyber attack or scam.
NAB investigations and fraud manager Chris Sheehan said it was a common
misconception that scams were an “older person’s problem”.
While older Australians are more likely to fall victim to investment scams,
young people are more likely to fall victim to other types of fraud.
“We’ve seen a real growth in phishing scams where the criminals are spoofing
legitimate text messages and phone numbers belonging to organisations like ours,
young people fall victim to those in equal numbers to older people.” he said.
“Scams targeting online shopping, for example, young people fall victim to those
at a probably slightly higher rate than older people.”
NAB's Chris Sheehan says people need to not relax when it comes to scams as
anyone can fall victim.
The rates of young people who have experienced a scam come despite young people
saying they felt they could protect themselves.
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Half of the young men questioned said they had good or very good knowledge of
cyber security and a third of young women had the same answer.
“There‘s a level of confidence in their own ability to function safely in the
cyber space, but young people are not across the types of risks and threats that
exist out there to the extent that they should be with that level of
confidence,” Mr Sheehan said.
He said he didn’t believe the community “has got our heads around the nature of
the threat that we’re facing”.
“We are only in the early stages of understanding the sophistication of the
criminal groups that are doing this and their persistence,” he said.
“We see people who are scammed and then they will get a follow-up scam attempt
from the same crooks who present themselves as a legitimate company that helps
recover scam losses for people.”
That type of scam is so prevalent, NAB warns scam victims to watch out for
companies who appear to want to help them but in reality will steal more money.
Young people are more likely to fall victim to phishing scams where an
individual pretends to be from an official organisation. Picture: ACCC
Some types of scams that occur in Australia and throughout the world are often
misunderstood according to Mr Sheehan, with some fraudsters choosing to not take
out funds themselves or lying in wait before stealing money.
“What these crooks will do is just aggregate thousands of people’s credit card
details and then sell those onto other people on the dark web to facilitate
other types of scams,” he said.
That means the scam may not be caught out for months, leaving victims in the
dark about how their details were taken.
Mr Sheehan said the likelihood individuals would fall victim to scams was
“really, really high” as more Australian organisations fall victim to cyber
attacks and customers details are leaked.
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Simple phone hack to save millions
How to avoid a Black Friday scam
“These crooks just spend their whole time cooking up new schemes to scam money
out of people,” he said.
“It’s a huge issue that’s impacting a very, very large section of our community.
“Everybody has had an attempt made against them.”
*
*
*
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