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Australians under 25 lost over $5 million to scams in 2019 and reports made from this age group are increasing faster than older generations.
Scammers are using new online platforms to take advantage of their victims, with dating and romance scams making up one fifth of losses across all scams reported to Scamwatch in 2019.
Australians who are older, Indigenous or have disability reported record losses in 2018 according to the ACCC’s annual Targeting Scams report released this week.
Scamwatch is urging tech-savvy daters to be on the lookout for romance scammers this Valentine’s Day as data shows these scams are increasingly happening through social media and dating apps.
The ACCC is warning people to be careful about who they ‘friend’ online this Valentine’s Day with stats showing people are most likely to be preyed upon by dating and romance scammers on social media sites.
Scamwatch is urging all Australians who lost money to a scammer through Western Union from 2004 to 2017 to take action by the extended deadline of 31 May to try to get it back.
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.
The Australian Competition and Consumer Commission is warning online shoppers to be wary of scammers masquerading as legitimate online retailers, often selling well-known brands at too-good-to-be-true prices.
The ACCC is warning people to be wary of scammers when looking for romance online with social media now the most common method scammers use to contact potential victims.