Australians lost over $851 million to scams in 2020, a record amount, as scammers took advantage of the pandemic to con unsuspecting people, according to the ACCC’s latest Targeting Scams report released today.
Australians reported a record-breaking $37 million lost to Scamwatch last year for dating and romance scams. Total losses are expected to be much higher and scammers are now using dating apps to lure victims into investment 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.
… masquerading as legitimate online retailers, often selling well-known brands at too-good-to-be-true prices. … Delia Rickard said. “The only thing these websites are selling is false hope. The scammers running these sites will … exactly who you are dealing with. If it is an Australian company, you are in a much better position to sort out the …