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Aussies are warned to be extra cautious of potential scams as criminals take advantage of the cost of living crisis to rip off unsuspecting victims.

Westpac found people looking for additional income to cope with rising daily cost pressures are being targeted by scammers, with women and those aged between 18-40 most vulnerable.

There has been a 1000 per cent increase in job scams to a reported 20231 this year in comparison to just a few cases in 2022.

Westpac Head of Fraud Ben Young said these scams are costing hard-working Aussies millions of dollars.

“We’ve seen a significant spike in reported job scams since the start of the year, which occur when someone is tricked into making a payment or sharing personal information through a fake employment offer,” Young said.

“Scammers will have fraudulently obtained some of your information like your phone number or address, which can make an offer sound legitimate.

“They also exploit the application process by tricking you into sharing more personal details like your driver’s licence, passport, or tax file numbers.”

Young added scammers use fake job offers to trick people into sending money through some kind of upfront payment like for training or necessary work equipment.

Those most at risk of these scams? Well, Westpac said the data spells bad news for Aussies aged 31 to 40 closely followed by 18 to 30-year-olds.

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