Business
‘Alarming’: $118k scam empties Aussies’ bank accounts – Yahoo Finance Australia
“They’re requesting victims transfer every last dollar in their bank account.”
This new ATO scam has caused financial pain to young Australians. Images: Getty
The Australian Tax Office (ATO) has issued a warning over a new scam which has cost seven Australians a staggering $118,000.
Under the new threat, the scammers pretend to be helping their targets, by claiming that their tax file numbers (TFN) have been compromised and they need to transfer all their money out of their bank account to protect it.
The ATO has received 683 reports of the scam since the beginning of the…
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