A fraud aimed at working homework has been found to cost Australians more than all other types of combined fraud.
The Australian Commission of Competition and Consumer (ACCC) has issued findings from a working group created to address work and employment fraud – the fastest type of growing fraud of 2023.
Scamwatch reports for the 2024 calendar year, Australians lost $ 13.7 million for work and employment fraud, with an average loss of $ 14,470.
This is 5.1 percent higher than the average loss for all other types of combined fraud.
Work fraud-which often comes in the form of fraudulent employment offers designed to encourage victims in building money, providing personal information or working for target people without paying extra income, and flexible or homework opportunities.
Frauds were found to have the greatest impact on low -income people from different cultural community, people living with disabilities and international students.
The report revealed that fraudsters were often reputable recruitment organizations such as SEEK, Linkedin and Adecco.
Often, scammers teach people with a job offer that includes high income, working from home and little effort.
They then draw to get a victim’s personal information or deceive them to secure free jobs.
Another type of job fraud is the “money mule” fraud, where an innocent victim is recruited to launder money for a criminal organization.
“The impact of work frauds can be devastating and likely to sign under -reported by victims,” wrote ACC Vice President Catriona Lowe in the report.
“Many job fraud victims report that they have lost their lives savings as well as the money they have borrowed from family and friends.
“In addition to these financial impacts, victims do additional damage through the loss of personal information that leads to an increased likelihood of future losses of fraud and identity crime.
“The cost of losing a victim’s trust in recruitment processes and losing confidence in their ability to ensure means that employment is difficult to determine.”
In 2024, 78 percent of those who secured their age when they reported a job fraud were under 44 years old, and 18.8 percent of the victims of labor fraud who lost money self-reported English as their second language compared to 7.7 percent for other types of fraud.
The National and Anti-Scam Center Fusion Center Fusion Cell united the government, law enforcement and industry in an effort to combat the growing issue.
The Task Force, which took place for six months from September 2024, led to the referral of 836 cryotocurrency scammer walls in digital coins for analysis and investigation, leading to blockage and blacklist.
The division of intelligence led to the drawback of the drawback of about 29,000 accounts engaged in work fraud in Australian groups on Facebook, and 1850 fraud skills such as websites and fraud work advertising were referred to removal.
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