Source: Getty Images via Canva.com
The first specialist unit made up of experts from government, law enforcement, and the private sector has been unleashed on scammers to stop people from losing their money.
The so-called “fusion cell” will be co-ordinated by a new National Anti-Scam Centre and identify ways to disrupt investment scams and minimise scam losses.
Investment cons are responsible for around half of the $1 billion in total scam losses suffered by Australians each year.
The investment scam unit will operate for six months initially and report to the anti-scam centre launched by Assistant Treasurer Stephen Jones in Melbourne on Monday.
It will be led by the Australian Competition and Consumer Commission and Australian Securities and Investments Commission, and include representatives from the banks, telecommunications industry and digital platforms.
Handpicked for you
One in five Aussie businesses hit by cyber attacks: ABS
COMMENTS
Reader comments will be back online shortly. In the interim send us any tips or feedback via news@smartcompany.com.au.