According to the latest Targeting Scams report by ACCC, Australia experienced a staggering 80% surge in monetary losses to scams in 2022, totaling slightly over AUD$3 billion. This has spurred increased collaboration between government authorities and private sector entities to enhance efforts against rapidly advancing scam techniques.
As part of 2023 GovHack One Step Ahead challenge, our team, Scammer Block Plus, is pleased to introduce our comprehensive digital solution to tackle current online scams in Australia, and prepare Australians for future trends in scams which may involve the use of advanced AI technologies such as deepfake.
The first step in building such a solution involves processing and analysing scam data sets that are publicly available. We utilise two open data sets from trusted government authorities, namely the Australian Bureau of Statistics, and the Australian Competition & Consumer Commission, in this challenge.
Based on the insights generated from these two open data sources, we developed a comprehensive digital solution named Safeguard AI Scam Scanner which utilises AI, big data, blockchain and machine learning technologies. This comprehensive digital solution also includes extensive training to educate individuals and organisations on current and future trends and issues in cybersecurity in general, and online scams to be specific.