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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.
Scams reported to the ACCC involving identity theft or the loss of personal/banking information have cost Australians at least $16 million this year, and this figure is likely to be just the tip of the iceberg.
Australians are losing more money to NBN scams, with reported losses in 2019 already higher than the total of last year’s losses.
Scammers are increasingly catching out people by impersonating well-known businesses or the police so they can get access to computers and steal money or banking information.
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.
The Australian Competition and Consumer Commission is warning the community to be aware of phone calls from scammers pretending to be from the Department of Human Services or Centrelink.