ASIC is aware of greater numbers of scammers taking advantage of people throughout the COVID-19 pandemic. Reports of misconduct to ASIC over January/February 2021 are up by more than 200% compared to last year.Many scammers are sophisticated at creating fake platforms, which often include imposter social media pages, websites, phone lines, fake regulators and stock exchanges. It’s increasingly difficult to differentiate between legitimate companies and scammers.

[…]