Scammers have promoted and sold products which claim to prevent or cure the virus.

Since January 1, the Australian Competition and Consumer Commission's (ACCC) Scamwatch has received 94 reports of scams about the virus.

It's expected this total will start to climb.

There have also been multiple reports of phishing scams sent via email or text message that claim to provide official information on the virus but are attempts to obtain personal information.

Other scams involve people receiving misinformation about cures and investment scams claiming the virus has created opportunities to make money.

ACCC deputy chair, Delia Rickard said scammers use uncertainty about the virus to take advantage of people.

"We've had a wide variety of scams reported to us, including fake online stores selling products claiming to be a vaccine or cure for coronavirus, and stores selling products such as face masks and not providing the goods," Ms Rickard said.

"There is no known vaccine or cure for coronavirus and a vaccine isn't expected to be available for 18 months.

"Do not buy any products that claim to prevent or cure you of COVID-19. They simply don't exist.

"Scammers are impersonating official organisations such as the World Health Organization and the Department of Health or legitimate businesses such as travel agents and telecommunications companies.

"Understandably, people want information on the pandemic, but they should be wary of emails or text messages claiming to be from experts. For the most up-to-date information about the coronavirus, visit the Department of Health and the World Health Organization websites directly."

If you think you have been scammed, contact your bank or financial institution immediately.