BLUF
The startling figure is an 80 per cent increase from 2021, according to the ‘Targeting Scams’ report from the Australian Competition and Consumer Commission.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
- RAAF RUNWAY: RATIONALE, GUIDELINES, LEARNING OUTCOMES, ETC.
