Torres News_Edition 70_02 March 2023

NEWS 13

TORRES NEWS THURSDAY 2 MARCH 2023

Sellers beware: PayID scams on the increase Anyone selling unwanted or used items on Facebook Marketplace, Gumtree and other online websites is being urged to watch out for a new PayID impersonation scam. National Australia Bank (NAB) said they have seen an increased number of scams related to fake PayID communication in recent weeks. NAB Economics research has found more than 25 per cent of people were deterred from selling items because of social media hassles, but Australians overall lost $260,000 to PayID-specific impersonation scams last year, according to Scamwatch. NAB Executive Chris Sheehan said PayID deception was the latest impersonation scam and the true number of scams impacting the community was expected to be higher, given many weren’t reported. “No one wants to try to sell their old couch, fridge, phone or pram and it inadvertently ends up costing them,” he said. “Just as online marketplaces have replaced garage sales as the go-to option to sell second-hand items, the way we make and receive payments is also changing. “PayID is a relatively

new payment method, and is quick, safe and simple. “It is also free – and the biggest red flag of any PayID-related scam is often if someone asks you for money to upgrade an account or to access PayID. “Cyber criminals are sophisticated and we’re unfortunately now seeing them try to exploit PayID given, on the whole, it isn’t as familiar to the community as other ways to send and receive money.” Mr Sheehan encouraged Australians to learn about PayID so they could see through scams. “Educating yourself about PayID and remaining vigilant means you’ll be more likely to spot red flags,” he said. Mr Sheehan said scams were a society-wide issue and underlined the need for greater collaboration across government, business sectors and the community to stop the crime. “We will always make every attempt to prevent scams and recover funds where possible, but it can be very difficult to recover them once the funds have left a victim’s account,” he said. “I urge anyone who thinks they might have been scammed to contact their bank immediately.”

What is PayID? • PayID is a free payment method launched in February 2018. It uses a person or business’ mobile phone number, email address or an ABN to send and receive funds almost instantly. • PayID allows the payer to see a confirmation screen, which include the intended payee’s PayID name, before they authorise the payment.

What is a PayID impersonation scam?

• PayID impersonation scams often target people selling items on second-hand websites. • The scammer will push to buy your item using PayID, but then claim the transaction couldn’t be completed because you don’t have a PayID “business” account. • They’ll claim they’ve sent extra money to upgrade the account, send you a fake email as evidence and pressure you to reimburse them. But no money will ever appear in your account.

Remember, you will never:

• Need to send money first to receive a payment via PayID. • Need to take any additional action, like upgrading your account or paying additional fees, before money can be received into your bank account. • Receive communication directly from PayID via email, text, or messenger. PayID is managed by your bank.

For more information go to NAB’s security hub website: www.nab.com.au/ security

Example of scam PayID email.

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TIMETABLE SUBJECT^KD & ZZ/ ^ D z EKd KW Z d TO CHANGE WITHOUT NOTICE DUE TO QANTAS SCHEDULING, SOME FERRIES MAY NOT OPERATE

Ph: (07) 4069 1586 Thursday Island/Horn Island Ferry Timetable from 06/02/2023 dŚƵƌƐĚĂǇ /ƐůĂŶĚͬ,ŽƌŶ /ƐůĂŶĚ &ĞƌƌǇ dŝŵĞƚĂďůĞ ĨƌŽŵ ϬϲͬϬϮͬϮϬϮϯ All TI Transfers Include Complimentary Bus Service on Thursday Island.

J All TI transfers include complimentary bus service on Thursday Island J

IMPORTANT NOTE: - We will ALWAYS meet any QANTAS and Skytrans flight from Cairns - should extra services be scheduled (eg School Holidays) we will add services that may be outside this schedule. For late flights - you MUST have a booking

IMPORTANT NOTE: We will ALWAYS meet any QANTAS and Skytrans ﬂight from Cairns – should extra services be scheduled QF = QANTAS WATER TAXIS AND CHARTERS AVAILABLE QN =MUST SKYTRANS (eg school holidays) we will add services that may be outside this schedule. For late ﬂights – you have a booking.

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