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Westpac encourages Australians to be alert as scam activity peaks during COVID-19

4 September 2021


Westpac is encouraging Australians to be wary of potential scams with new research today revealing more than 1.2 million Australians have been scammed in the past 12 months1.


Younger generations were nearly twice as likely to have been targeted during COVID-19, with one in ten (10%) of those under the age of 30 saying they were impacted by a scam in the past year, compared to just 6 per cent of their older counterparts.


The research also revealed the scams increasingly targeting Australians – including investment scams which have almost doubled (+180%), and remote access scams which are now over three times more prevalent (+370%) than they were in 2020.


As Australians spend more time at home, digital channels are being used more to target potential…

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