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A Canberra tech CEO lost $25 to a scam fake bank text urging urgent use of reward points.
A Canberra tech CEO narrowly avoided a financial scam after receiving a fake bank text urging him to use expiring reward points, leading him to spend $25 on a $1,300 LEGO set via a spoofed login link.
Though he used his bank’s official app—preventing data theft—he still lost money, highlighting how scams exploit trust, urgency, and desire.
The incident reflects a broader surge in fraud, with Canberra reporting over $1.2 million in losses and more than 2,600 scams between January and May 2025, primarily targeting young and middle-aged adults through investment, billing, and employment fraud.
Nationally, Australians lost over $147 million to scams in the same period.
The CEO, founder of Aristotle Metadata, stressed the importance of ongoing education, noting even tech professionals are vulnerable.
Un director ejecutivo de tecnología de Canberra perdió $25 a un falso mensaje de texto bancario fraudulento instando al uso urgente de puntos de recompensa.