The startling figure is an 80 per cent increase from 2021, according to the ‘Targeting Scams’ report from the Australian Competition and Consumer Commission.


This article, by ABC-Australia’s specialist reporting team, makes the following points:
  • The report compiled data from more than 500,000 reported scams from agencies such as Scamwatch.
  • Most people lost money to fake investment scams, which accounted for about half the money lost.
  • Many victims do not report losses, so the amount of money is probably higher than that reported.


Recent Runway Posts related to this topic:
References from the Web:
Source Information: