The ACCC will initially send 400 letters per fortnight to consumers to warn them they may be the target of a relationship scammer.
In June, the watchdog's Targeting Scams Report found Australians lost million to dating and romance scams last year.
You receive a telephone call or email from someone that appears to be legitimate because the scammer has some specific information about you, such as your name and details about your friends and family.
The impact of fraud on individuals, families and businesses can be devastating.Retirement savings, homes, businesses and in some cases, lives have all been lost.Once you provide this access, the scammer may require payment for technical assistance, install malicious software, change settings to leave your computer vulnerable, and/or steal your financial information.Phishing is an attempt to obtain sensitive information such as usernames, passwords, and account details by posing as a reputable company via email, text message, phone call, or social media.Once obtained, your personal and financial information can be used to access your account and steal money.
Scammers hope to convince victims to reveal their information by using compelling language, such as a need to communicate with you for your own safety or account security.Western Union received at least 44,500 complaints about online dating and romance scams, with losses totaling at least million, between 20, the FTC’s Todd Kossow says.Amy Nofziger, regional director of the AARP Foundation, explained how a romance scam works: The scammer will often say he or she is from the United States, but is traveling or working overseas, and will quickly profess his or her love for you.Scammers victimize vulnerable Canadians, individuals who may be at their lowest.The best way to fight these types of crime is through awareness.The scammer may pressure you to wire money immediately via online banking or other money transfer services, such as Express Send A scammer posing as technical support representative calls to claim there is an issue with your computer – for example, that your software is outdated or that you need to confirm your identity – and asks for remote access to your computer to resolve the issue.