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Australians have lost over $8.8 million to threat based scams so far this year, and young people are reporting the highest losses.
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Data from the ACCC’s annual Targeting Scams report, released this week, indicates scammers don’t discriminate and are targeting a range of different communities in Australia.
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Australians lost over $634 million to scams in 2019, according to the latest figures in the ACCC’s Targeting Scams report released today.
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Australians should be aware scammers are adapting existing technology to play on people’s fears around coronavirus and selling products claiming to prevent or cure the virus.
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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.