fbpx
Skip to main content
Financial Assistance Hub

Don’t get more than you bargained for this Black Friday

Don’t get more than you bargained for this Black Friday

27 November 2024

Shoppers on the hunt for a bargain during the Black Friday sales period are being warned to be on high alert for scams.

The Australian Banking Association is reminding shoppers to be on the lookout for popular scams that are circulating:

  • Buying and selling scams – Scammers create websites that closely mirror legitimate sites to deceive people into fake purchases.
  • Parcel tracking scams – Fake parcel notifications sent via text message or email tricking people into sharing personal or financial information.

ABA CEO Anna Bligh said scam activity always surges during the Black Friday sales period and scammers will use every trick in the book to steal money from shoppers.

“Shoppers should be on high alert this Black Friday that the deal you’re getting might be too good to be true.” Ms Bligh said.

“While you’re on the lookout for a good deal, be careful you don’t get more than you bargained for.

“Black Friday is an opportune time for scammers and they are out in force trying to steal your hard-earned money.

“Be aware of shonky websites imitating popular brands and fake parcel notifications sent via text or email asking you to share personal information.

“It pays to double check that the website you are buying from is legitimate, to ensure you get what you purchased.

Ms Bligh said banks have put in extra safeguards in place to protect customers under the industry’s world-leading Scam-Safe Accord.

“Banks are deploying a range of tools to protect customers such as confirmation of payee technology, more payment warnings and delays, identity checks and enhanced intelligence sharing.”

For more information on scam warning signs, please visit: https://www.ausbanking.org.au/scams-hear-the-alarm-bells/

Contact: Benn Ayre | [email protected] | 0428 342 325
Twitter | Facebook | LinkedIn | www.ausbanking.org.au

Latest news

1 / 3
Banks stand ready to support North Queensland communities affected by floods
4 February 2025

The Australian Banking Association (ABA) is urging customers in North Queensland affected by the floods to get in touch with their bank if they are in need of financial relief. ABA CEO Anna Bligh said banks are on standby to assist households and businesses who have been impacted by these severe floods. “My message to… Read more »

Read more
Media Releases
Banks urge Parliament to modernise payment system regulation
4 February 2025

Download radio grabs of Anna Bligh here. The ABA is urging the Parliament to swiftly pass legislation that will ensure Australia’s payments regulatory framework remains fit-for-purpose as digital payments continue to skyrocket. According to the RBA, each month Australians are now making over 500 million payments with mobile wallets worth over $20 billion. This legislation… Read more »

Read more
Media Releases
ABA CEO Anna Bligh to retire
3 February 2025

The Chief Executive of the Australian Banking Association (ABA) and former Queensland Premier, Anna Bligh AC, will retire in mid-2025 once a replacement is appointed. ABA Chair and National Australia Bank CEO Andrew Irvine today announced that Ms Bligh had advised him that she had decided to retire after more than eight years in the… Read more »

Read more