spacer
spacer
spacer
spacer



CPA LOGO
spacer
Latest News
Hot Issues
2025 Tax Planning Guide Part 2
From 1 July 2025 ATO Interest is no longer tax deductible
SME confidence and conditions see uptick over Q1 2025, survey reveals
Depreciation expert urges property investors to leverage tax depreciation
Buy a business
Upskilling and self-education costs
How secure is your super account?
Freshwater Resources by Country 2025
Why Might a Lease Dispute Occur?
2025 Tax Planning Guide Part 1
$20,000 instant asset write-off
New Bunnings scam warning
The Largest Empires in the World's History
Building Australia's future and Budget Priorities
Winners and Losers - Federal Budget 2025-26
All the documents, fact sheets and downloads to do with this year’s 2025-26 Federal Budget
ATO outlines focus areas for SMSF auditor compliance in 2025
ATO to push non-compliant businesses to monthly GST reporting
ASIC pledges to continue online scam blitz
Tax Office puts contractors on notice over misreporting of income
Tax planning tips for 2024-2025
What does the proposed changes to HELP loans mean?
Vacant Residential Land Tax
The Most Held Currencies in the World | 1850-2024
Salary sacrifice and your super
5 Clauses Tenants Should Look For When Reviewing a Lease
ASIC continues crackdown on dodgy directors
Vehicle association calls for stricter definitions with luxury car tax changes
Government to push ahead with GIC deduction changes
Exploring compassionate early release of super
Have you considered spouse contribution splitting?
Articles archive
Quarter 1 January - March 2025
Quarter 4 October - December 2024
Quarter 3 July - September 2024
Quarter 2 April - June 2024
Quarter 1 January - March 2024
Quarter 4 October - December 2023
Quarter 3 July - September 2023
Quarter 2 April - June 2023
Quarter 1 January - March 2023
Quarter 4 October - December 2022
Quarter 3 July - September 2022
Quarter 2 April - June 2022
Quarter 1 January - March 2022
Quarter 4 October - December 2021
Quarter 3 July - September 2021
Quarter 2 April - June 2021
Quarter 1 January - March 2021
Quarter 4 October - December 2020
Quarter 3 July - September 2020
Quarter 2 April - June 2020
Quarter 1 January - March 2020
Quarter 4 October - December 2019
Quarter 3 July - September 2019
Quarter 2 April - June 2019
Quarter 1 January - March 2019
Quarter 4 October - December 2018
Quarter 3 July - September 2018
Quarter 2 April - June 2018
Quarter 1 January - March 2018
Quarter 4 October - December 2017
Quarter 3 July - September 2017
Quarter 2 April - June 2017
Quarter 1 January - March 2017
Quarter 4 October - December 2016
Quarter 3 July - September 2016
Quarter 2 April - June 2016
Quarter 1 January - March 2016
Quarter 4 October - December 2015
Quarter 3 July - September 2015
Quarter 2 April - June 2015
Quarter 1 January - March 2015
Quarter 4 October - December 2014
Scams by numbers - 2022–23 scam data is now available

Did you know that your clients aged between 35-44 are the most likely to pay money to a scammer?



.


Scams are becoming increasingly harder for the community to identify. The 2022–23 scam data results are now available and they reflect a shift in how Australians are responding to fake emails, SMS and social media messages.


During this period, there were 25,609 ATO impersonation scams reported, an increase of over 25%. Despite the spike in this number, there has been a 75% decrease in the amount of money paid to scammers.


Scammers are becoming increasingly interested in harvesting personally identifying information (PII) rather than requesting payments. Divulging PII continues to be a way for scammers to compromise another’s identity, leading to difficulties with lodging tax returns and myGov logins. However, we saw a 71% decrease in people providing this information.


Please encourage your clients to stay vigilant, lock down their identity information and frequently sign into their online accounts to check for unusual changes.


 


(NB: Stopping scammers funds is the only way to stop them and the above shows we are learning.  Keep up the good work!)


Latest scam data


2022–23 Scams by numbers


Last financial year our data shows:


  • There were 25,609 ATO impersonation scams reported to us, an increase of over 25%.
  • The amount of money paid to scammers decreased by 75%.
  • Only 28 people paid money to a scammer, a 66% decrease.
  • 346 people divulged personal identifying information (PII), a decrease of 71%.
  • There has been a significant shift in the way scammers are contacting people – Email has increased by 179% and SMS contact has increased by 414%.
  • The shift toward SMS and email scams has seen an increase in targeted phishing scams, leading clients to fraudulent websites. In response, we have initiated 4,836 take downs of websites with AusCERT.
  • 35–44-year old’s are now the most likely to pay money to a scammer, this has shifted from the younger demographic of 25–34 year old’s in the previous year.
  • 25–34-year old’s have remained the age group that divulged the most PII to scammers.

 


Source:  ATO




18th-November-2023
spacer
Privacy Policy | Disclaimer