Australians lose record $3.1 billion to scams in 2022, as ACCC calls for tougher measures

Summary

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.

References

Recent Runway Posts related to this topic:

• Mum, help: Nina made three bank transfers before realising she had been scammed | The Runway (airforce.gov.au)
• Social media can be a ‘messy place,’ says advisor. Here’s how to vet online financial advice | The Runway (airforce.gov.au)

References from the Web:

• APR 2023 Australians lost more than $3bn to scammers in 2022. Here are 5 emerging scams to look out for—The Conversation
• APR 2023 ACCC calls for united front as scammers steal over $3bn from Australians--Scamwatch

Source Information:

• Article Source: https://www.abc.net.au/ 
• Media Check: ABC News - Media Bias Fact Check (mediabiasfactcheck.com) MBFC Credibility Rating: HIGH CREDIBILITY
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