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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.
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Stay Smart Online Week is an annual event focused on empowering people, businesses and the community to protect themselves online.
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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.
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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.
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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.
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Scamwatch is warning members of the public about a spate of text messages asking for emergency assistance.
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Scamwatch is warning people to be careful about being caught out by holiday season scams.
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Scammers swindled nearly $4.7 million from Australian businesses in 2017 according to the ACCC’s latest Targeting scams report – a 23 per cent increase compared to 2016.
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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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If you lost money to a scammer through Western Union from 2004 to 2017, you may be eligible for a refund. Find out how you can make a claim.