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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/stay-smart-online-week.jpg?itok=-Ikf419V)
Stay Smart Online Week is an annual event focused on empowering people, businesses and the community to protect themselves online.
![](/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.
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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.