
‘Devastating' scam targets WFH job hunters
A scam targeting work-from-home job hunters has been found to cost Australians more than all other scam types combined.
The Australian Competition and Consumer Commission (ACCC) has released findings from a taskforce established to tackle job and employment scams – the fastest growing scam type of 2023.
Scamwatch reports for the 2024 calendar year, Australians lost $13.7m to job and employment scams, with an average loss of $14,470.
This is 5.1 per cent higher than the average loss for all other scam types combined.
Job scams – which often come in the form of fraudulent offers of employment designed to encourage victims into giving money, providing personal information, or working for free – often target people seeking additional income, and flexible or work-from-home opportunities.
The scams were found to have the greatest impact on people with low incomes, from culturally diverse communities, people living with disabilities and international students.
The report found that fraudsters often impersonated reputable recruitment organisations such as Seek, LinkedIn and Adecco. The Australian Federal Police warns criminals are aggressively targeting Australians looking for flexible, remote or part-time work by posting fake job ads online. Supplied Credit: Supplied
Often, scammers message people with a job offer that includes a high income, working from home and little effort.
They then attempt to acquire a victim's personal information or trick them into providing free labour.
Another type of job scam is 'money mule' scams, where an innocent victim is recruited to launder money for a criminal organisation.
'The impact of job scams can be devastating and is likely significantly underreported by victims,' ACCC deputy chair Catriona Lowe wrote in the report.
'Many job scam victims report that they have lost their life savings as well as money they have borrowed from family and friends
'In addition to these financial impacts, victims incur additional harm through the loss of personal information leading to an increased likelihood of future scam losses and identity crime.
'The cost of a victim's loss of trust in recruitment processes and loss of confidence in their ability to secure meaningful employment is hard to quantify.' Government, law enforcement and industry are collaborating in an attempt to combat the growing issue. NewsWire / Diego Fedele Credit: News Corp Australia
In 2024, 78 per cent of those who provided their age when reporting a job scam were under 44, and 18.8 per cent of job scam victims who lost money self-reported English as their second language compared with 7.7 per cent for other scam types.
The National Anti-Scam Centre's Job Scam Fusion Cell brought together government, law enforcement and industry to attempt to combat the growing issue.
The taskforce, which ran for six months from September 2024, led to the referral of 836 scammer cryptocurrency wallets to digital currency exchanges for analysis and investigation, leading to blocking and black-listing.
Intelligence sharing led to Meta's removal of about 29,000 accounts engaged in job scams in Australian Facebook groups, and 1850 scam enablers such as websites and scam job advertisements were referred for removal.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


West Australian
25 minutes ago
- West Australian
‘Scandalous': Number of high net worth Australians outpaces economic growth
The wealth of Australia's millionaires and billionaires significantly outpaced economic growth in 2024, new analysis shows. Research from French multinational business consultancy firm, Capgemini, shows 334,800 Australians are now deemed 'high net worth individuals', up 0.5 per cent last year. Just under 10 per cent of those people have investable assets between $US5m-$US30m. There are now 2450 Australians with investable assets over $US30m. The total wealth of high net worth Australians grew 3.3 per cent in 2024, the report shows, while the Australian economy grew just 1.3 per cent for the year. The Capgemini report, released this week, also throws up a broad view of how the wealthy will pass on their riches, and how their children are likely to invest the funds. In the next two decades, globally some $128 trillion will change hands by inheritance, Capgemini estimates. The inheriting generation are more open to risk, Capgemini says, and advises wealth and asset managers to prepare for the change in appetite. Separate analysis released this week by Oxfam shows the number of Australian billionaires has doubled in the space of a decade to 161. 'This level of inequality is not just morally wrong – it's economically and socially dangerous,' Oxfam Australia acting chief executive Chrisanta Muli said. 'While millions of Australians are struggling to make ends meet, the country's richest continue to amass eye-watering fortunes, often without lifting a finger.' In the past decade, the wealth of Australia's richest 200 people has risen 160 per cent to $667bn, Oxfam says. 'It is scandalous and unjust that property continues to be one of the biggest drivers of wealth across the decade while over 99 per cent of rentals are unaffordable for people earning a full-time minimum wage,' Dr Muli said.


Perth Now
29 minutes ago
- Perth Now
‘Scandalous': Uber wealthy Aussies get richer
The wealth of Australia's millionaires and billionaires significantly outpaced economic growth in 2024, new analysis shows. Research from French multinational business consultancy firm, Capgemini, shows 334,800 Australians are now deemed 'high net worth individuals', up 0.5 per cent last year. Just under 10 per cent of those people have investable assets between $US5m-$US30m. There are now 2450 Australians with investable assets over $US30m. The total wealth of high net worth Australians grew 3.3 per cent in 2024, the report shows, while the Australian economy grew just 1.3 per cent for the year. Owning a house continues to be the largest differentiator between the rich and the least wealthy 50 per cent of the population. NewsWire / Max Mason-Hubers Credit: News Corp Australia The Capgemini report, released this week, also throws up a broad view of how the wealthy will pass on their riches, and how their children are likely to invest the funds. In the next two decades, globally some $128 trillion will change hands by inheritance, Capgemini estimates. The inheriting generation are more open to risk, Capgemini says, and advises wealth and asset managers to prepare for the change in appetite. Separate analysis released this week by Oxfam shows the number of Australian billionaires has doubled in the space of a decade to 161. The wealth of Australia's high net worth citizens grew 3.3 per cent last year, while the country's economic growth came in at 1.3 per cent. Christian Gilles / NewsWire Credit: News Corp Australia 'This level of inequality is not just morally wrong – it's economically and socially dangerous,' Oxfam Australia acting chief executive Chrisanta Muli said. 'While millions of Australians are struggling to make ends meet, the country's richest continue to amass eye-watering fortunes, often without lifting a finger.' In the past decade, the wealth of Australia's richest 200 people has risen 160 per cent to $667bn, Oxfam says. 'It is scandalous and unjust that property continues to be one of the biggest drivers of wealth across the decade while over 99 per cent of rentals are unaffordable for people earning a full-time minimum wage,' Dr Muli said.

Sky News AU
an hour ago
- Sky News AU
Labor and Greens coming for the ‘bad people' with large super balances
Menzies Research Centre's Nick Cater says Labor and the Greens believe people who save money for their retirement are 'bad people'. Mr Cater's comments come after Labor plans to increase the tax on super balances over $3 million dollars. Australians should be encouraged to 'look after themselves' in retirement, Mr Cater told Sky News host Rita Panahi. Treasurer Jim Chalmers has walked back Prime Minister Anthony Albanese's comments on superannuation tax. Jim Chalmers has made it clear he would prefer to negotiate with the Greens to get the reforms past the senate.