Government statistics show that 161,528 reports of scammers were raised with the Australian Authorities in 2017, of which 8.7% involves financial loss.
Total lost estimated to be $90 million.
The biggest chunk of this was to investment scams (approx. $34M), then dating and romance scams (approx. $22M), then business and employment scams (approx.$7M).
Following those were advance fee fraud, buying and selling scams, false billing, inheritance scams, remote access scams, threats to life and finally betting scams.
The age group that lost the most money was the over 65s.
The most common scams reported are:-
- Identity theft
- False billing
- Lottery scams
- Buying and selling scams
- Rebate scams
- Remote access scams
- Advance fee Fraud
- Threats to Life
- Online Shopping Scams
Beware of those scammers.
Do enter your email address and click on the subscribe button on top right to keep up to date with new posts.