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- Australians lost more than $3.1 billion to scams in 2022, a new record and an 80 per cent increase from 2021, according to a new report that has prompted fresh calls for banks to do more to protect consumers.
www.abc.net.au/news/2023-04-17/australian-money-losses-to-scams-tops-3b-accc-report-says/102223720Australians lose record $3.1 billion to scams in 2022, as ...
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Mar 20, 2024 · Statistics about personal fraud, including card fraud, identity theft, and scams (phishing, romance, computer support, financial advice and more).
- Estment Scams Stole $1.5B in 2022: Report
- Pressure Mounts on Banks to Do More
- Scam Victim Says Loss Was Preventable
Ms McAllister is far from alone, with a new report showing scammers stole record sums of money from Australians last year. More than $3.1 billion was lost to scams in 2022 — an 80 per cent increase from 2021 — according to a report from the Australian Competition and Consumer Commission (ACCC), Targeting Scams. The report compiled data from more th...
Bank transfers were the most common way scam victims parted with their cash in 2022, the report said. The ACCC said Australia should explore measures such as the United Kingdom's Confirmation of Payee regulation, which was introduced in 2019 and now covers most banks in the country. Under the rules, banks are required to help customers double-check...
Ms McAllister says she believes her devastating loss could have been prevented. She now knows her money did not go to DBS, as she had intended, and thinks Commonwealth Bank should have done more to warn her before approving her transfer. Last November, her case was heard by the financial ombudsman, where the bank defended the actions its staff took...
Jul 4, 2022 · Key points: Australians lost more than $2 billion to scammers in 2021, the ACCC estimates. This is more than double the amount lost the previous year. The increase was driven by a rise in crypto ...
- James Purtill
Mar 23, 2022 · An estimated 11% of Australians aged 15 years and over (2.1 million) experienced personal fraud in 2020-21. This was higher than the rate in 2014-15 (8.5%). The most common type of personal fraud experienced in 2020-21 was card fraud.
Apr 28, 2024 · Australians reported a record number of scams last year, with losses totalling $2.7 billion, a new report from the consumer watchdog has revealed. More than 601,000 reports about scams were made in 2023, up from the 507,000 reported in 2022, the latest Australian Competition and Consumer Commission's (ACCC) Targeting Scams report found.
Jul 6, 2022 · The increase in losses was primarily driven by a doubling of investment fraud losses, from $328 million to $701 million, and a substantial increase in payment redirection fraud, from $128...
Jul 4, 2022 · Australians lost a record amount of more than $2 billion to scams in 2021, despite government, law enforcement, and the private sector disrupting more scam activity than ever before, the ACCC’s latest Targeting Scams report reveals.
