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![](/sites/www.scamwatch.gov.au/files/styles/scamwatch_news/public/featured/Handcuffs.jpg?itok=rBkgOPHv)
Australians have lost over $8.8 million to threat based scams so far this year, and young people are reporting the highest losses.
![](/sites/www.scamwatch.gov.au/files/styles/scamwatch_news/public/type-of-scam-images/news.png?itok=oh7vtH8v)
Australians lost more money to scammers in 2017 than in any other year since the ACCC began reporting on scam activity.
![](/sites/www.scamwatch.gov.au/files/styles/scamwatch_news/public/related-article/Scam44.jpg?itok=aN7x2JLQ)
The ACCC is warning people to be on the lookout for scammers who are trying to con their victims into paying for scams with Apple iTunes gift cards.