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Australians are set to lose a record amount to scams in 2019, with projections from losses reported to Scamwatch and other government agencies so far expected to exceed $532 million by the end of the year, surpassing half a billion dollars for the first time.
Australian businesses reported more than 5800 scams with losses exceeding $7.2 million in 2018, a 53 per cent increase compared to 2017, according to the ACCC’s Targeting scams report.

SCAMwatch is warning people to beware of online scams – surveys, emails and social-media posts – offering fake gift vouchers or other bogus inducements in return for disclosing credit card and other personal information.

Joint action between three international regulators has thwarted a massive global phone scam, with US authorities winning court orders to close down and freeze funds of imposters posing as Microsoft employees offering to fix PC viruses.

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