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THEY'RE OUT THERE
Herald Sun, Melbourne  24 Nov 2023
General News - Page 67 - 285 words - ID 1982335063 - Photo: Yes - Type: Advertorial - Size: 250.00cm2

Scams THEY'RE OUT THERE Geoff Gwilym VACC CEO I get emails daily promising something unbelievable, asking me to click on a link, or telling me I have a lost package and need to contact 'Australia Post'.

Unfortunately, Australians got scammed to the tune of $3.1 billion last year and it's only getting worse.

I've heard stories lately about customers of legitimate automotive businesses getting scammed by unscrupulous operators.

Here is how a scam might work, along with ways to protect yourself.

A scammer compromises a legitimate business' email account. They read emails sent and received by the business and can send emails from the account.

The scammer emails customers from the compromised email account requesting payment for something, like a deposit on a new car purchase giving their bank details rather than those of the dealership.

The customer transfers money into the scammer's bank account, instead of the business' account.

When the legitimate business notices it has not received monies owing, it might email another invoice to the customer.

The scammer sees this email and may send another notice to the customer, requesting even more money.

The invoices sent by the scammer appear identical to the genuine invoices, except for di?erent bank account details.

As the scammer has access to the business email account, they know sta? and customers' names. The scam emails look like they're personally addressed to the customer and signed o? by the business.

If you receive an email requesting money and it feels wrong, call the business (don't email) on a verified number and check the emails are real.

A legitimate business will do the right thing by you. Remember: knowledge is power.

Prepared by Victorian Automotive Chamber of Commerce

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