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During this year’s National Consumer Fraud Week (15–19 May), Scamwatch is providing advice to Australians to help them ‘spot social media scams’.
Nearly 6000 businesses reported being targeted by scams in 2016 according to the Australian Competition and Consumer Commission’s Targeting Scams report, with losses totalling around $3.8 million, an increase of almost 31 per cent.
Scams targeting Indigenous peoples were at the highest level ever recorded according to the ACCC’s annual Targeting Scams report.
The number of people reporting scam activity in Australia was at record levels in 2016 according to the Australian Competition and Consumer Commission’s annual Targeting Scams report, with a 47 per cent increase in scam reports to the ACCC compared to 2015.