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Fake Trader Website Scams

Sep 28, 2017

Information supplied by myPolice Brisbane and Scamwatch.

It’s without a doubt, scams, hacks and cyber attacks are more common now than household robberies – Why? Because online thieves can steal more from you than you actually realise, and the best part? They can do it from their own home.

The latest scam involves Fake Trader websites, commonly found through Social Media. In 2016 more people than ever reported to the ACCC that they lost money to scams through social networking sites, with more than $9.5 million dollars reported lost.

Scammers advertise their fake websites and products on social media, and these just look like normal businesses, using ads or posts. These products will always be discounted, attractive offers. The ads will direct you to a website where you can make the purchase, but nothing turns up or a fake product arrives at your doorstep.

The main problem is it can be hard to tell the difference between genuine profiles or ads on social media, and the fake profiles or fake traders you may encounter. The only way you find out, is when its too late, and unfortunately its near on impossible to get your money back.

myPolice Brisbane suggest you notify the Australian Cybercrime Online Reporting Network (ACORN), as the Police work with hosting agencies to take down the websites. However if we don’t report them, they don’t know about it which means the scammers take down more and more victims.

It’s about staying vigilant when shopping online, and remember if it’s too good to be true then it probably is. By shopping online at sites that you know are trusted and using established payment systems that offer buyer protection, you can protect yourself from falling victim to these scams.

Online Shopping Tips:

  • Check reviews before buying online: Try to find how reputable a seller is by searching for reviews.
  • If the product doesn’t arrive: Contact your bank or financial institution as soon as possible.
  • Check the website URL: E.g. (www.example.com.au), that you are redirected to is the genuine website of the trader.
  • If you have been scammed online: Take steps to secure your account and be sure to report the conduct to ACORN.

Fake Trader websites are only one type of scam in today’s world. If you want to speak to your Insurance Adviser about Cyber insurance and how this type of insurance responds in the event of a hack or cyber attack, call 1800 122 194 to speak with us today.


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