Sunrise host David Koch has exposed online fraudsters who used his likeness and fake quotes to steal $30,000 from a viewer, demanding they be arrested.
Koch said he was contacted by the victim who was tricked by an online advertisement using a fake endorsement for a shady crypto investment platform.
“I had a guy over the weekend who contacted me through Facebook, cheating on me because he lost $30,000 on a scam that used my photo and questionable comments from me,” he said. -he declares.
Sunrise host David Koch (pictured left) has revealed a viewer was tricked by scammers using his image and fake quotes
Koch said online scammers frequently use him as a decoy because of his public profile and asked his guest, Deputy Treasurer Stephen Jones, what the government was going to do about it.
“Scammers have been using my photo and dodgy quotes from me to scam people for years,” he said Monday morning.
“They show up on Facebook, they show up on LinkedIn, they show up on this Taboola feed on major mainstream websites and there’s nothing I can do about it.”
Koch asked Mr. Jones to explain what could be done about it.
“Here at Channel Seven we get sued by you and the ACCC if we run questionable advertising,” he said.
‘Why can’t Facebook, Instagram and LinkedIn take on the same responsibilities as mainstream media groups?
“It’s just heartbreaking for our viewers who get sucked into this stuff.”
Koch says scammers have been using his image and making quotes of him for years
Mr Jones admitted the government was powerless to act because laws lag behind technology.
“We believe the law needs to change,” Mr Jones said.
“We have to drag it into the 21st century. Social media platforms should be responsible for the material they post.
“If they are told you have dodgy stuff online and or illegal stuff online, which allows criminals and they don’t take it down, then fines and penalties will apply.
“We also want to work with the banks and make sure the wallet at the end of the scam is also locked.”
Mr. Jones said there would be a specialized scam detection unit created within the company’s watchdog, the ACCC.
“Once we detect something moving, lock it down as soon as possible and access social media platforms as you suggested, and make sure they have a legal obligation to shut these things down at the source,” Jones said.
“It’s music to my ears because not only are people losing thousands of dollars, but it’s hurting my reputation,” Koch replied.
“I saw a picture online saying things I never said about bitcoin or whatever, and people are losing money because they think it’s me.”
Koch revealed that a viewer contacted him via Facebook to say he lost $30,000 to a scam featuring his image and fake quotes.
Scammers pretend to be relatives and send text messages where they claim to have lost their old phone
Mr Jones continued: “Sports stars, TV stars, personalities all have their identities used by these criminals, let’s call them what they are because they are economic criminals ripping off Australians.
“We want to suppress it at the source.”
Mr Jones said it was not just popular online platforms that needed to up their game to fight “criminals and scumbags”, but also telecommunications companies, as “a lot of things go through e-mail and SMS”.
The scam is still continuing with a link to a website called ‘Flippercash’ which was emailed to unsuspecting Australians on Sunday.
The link led to a page mocked up to look like an ABC News article reporting a fake segment from The Morning Show airing the crypto scam.
The headline read: “David James Koch’s latest investment has experts in awe and big banks are terrified”.
“Australian TV presenter David James Koch has made a name for himself as a brash outspoken man who isn’t afraid to be honest about how he makes his money,” he began.
The latest scam attempt using Koch took a random appearance by the Sunrise host on The Morning Show and photoshopped the headline to make it look like he was talking about the fake product
A simulated graph of Koch’s supposed earnings from the fake QuantumAI crypto trading app, which the scam claims uses AI to trade for you
The scam claimed that Koch had explained a “wealth loophole” that would “turn anyone into a millionaire in 3-4 months” and viewers had to take part “before the big banks shut it down for good”.
“And sure enough, within minutes of the interview being finished, National Australia Bank called to stop Koch’s interview from being broadcast – it was already too late,” he claimed.
The scam crypto investment platform is called QuantumAI and the fake article claimed that Koch pulled out his phone to show Morning Show hosts Larry Emdur and Kylie Gillies how much money it was making for him.
The too good to be true scam claims that QuantumAI “uses artificial intelligence to automatically manage long and short sales for you so you can earn money around the clock, even while you sleep.”
Australians are expected to lose $4 billion to scammers this year, double last year’s total.
One of the biggest scams is phishing, where a scammer tries to trick someone into revealing their identity and other personal information, including bank details.
Ten tips for staying safe online
Shara Evans is a tech futurist and online security expert. Here are his tips for staying safe from hackers
1. Get basic computer security on devices, including antivirus programs, malware checkers, ransomware checkers, VPNs, and firewalls.
2. Use different passwords for each website and app. Make them long and complex – upper and lower case letters, numbers, special characters. Save your passwords in an encrypted password vault.
3. Use two-factor authentication where possible (i.e. logging into a secure banking portal requires you to provide a passcode which is texted or emailed to you or requires a SecureID token number)
4. Use multiple email addresses. If you own a domain, it’s easy to set up an email alias (“forwarder”) that names a specific site or type of business. If it’s compromised, then you can disable an alias email address without affecting anything you do. And, it will help you identify the source of the leak.
5. Check your credit reports for signs of fraudulent activity or misinformation.
6. Enroll in a credit/identity protection plan and implement credit report bans if you have reason to suspect your identity is compromised.
7. NEVER click on text or email hyperlinks that you have absolutely no idea are legitimate. A lot of people get in trouble this way. You can check a compressed link by copying it and typing it into the search bar to see what comes up. If it is malware, a notice may appear. At the very least, check if the source domain looks suspicious, in which case don’t click on it!
8. When uploading sensitive information to a website portal, check for the lock icon (https) – this means that your data is encrypted “in transit” when uploaded to the website. Companies’ cybersecurity practices vary widely.
9. If someone calls you saying they are from Company X, NEVER give them any information unless you know them and are already expecting a call from a phone number or a specific person.
10. NEVER publish your date of birth online! If you have it on social media, DELETE it now. Unless you’re making an official financial transaction, there’s very little good reason for any party to know your true date of birth, let alone store it.
Australians are also increasingly falling victim to fake text messages and phone calls, according to comparison website Finder.
Money tracing expert Sarah Megginson said Australians have been inundated with scam text messages and phone calls in recent years and should ignore contacts from unknown numbers.
‘Let the caller go to voicemail. If they leave a number, you can check if it’s for a real online business,” she said Monday.
“Never reply to links or click on links in text messages. These could be related to viruses and other nasties, or bogus sites seeking to steal your personal data.
A giveaway is if the text message has poor spelling or grammar.
“Be especially careful if you receive a message on WhatsApp or Facebook claiming to be from a relative who has lost their phone and now needs help,” Ms Megginson said.
“This is the so-called ‘Mom Scam,’ responsible for $2.6 million in losses in the first seven months of the year.”