iTWire - Australians lose $851 million to scams as scammers

iTWire - Australians lose $851 million to scams as scammers take advantage of pandemic


iTWire
Monday, 07 June 2021 10:37
Australians lose $851 million to scams as scammers take advantage of pandemic
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Australians have lost a record $851 million to scams, with scammers taking advantage of the pandemic to con unsuspecting people, according to a new report which also reveals that investment scams accounted for the biggest losses.
According to the Australian Competition and Consumer Commission (ACCC) investment scams fleeced Australians of $328 million, and made up more than a third of total losses - while romance scams were the next biggest category, costing Australians $131 million, and payment redirection scams resulting in $128 million of losses.
The ACCC’s latest

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