Global scams hit Australians’ pockets – Losses at 1 Billion dollars

The Chair of the Australasian Consumer Fraud Taskforce, Ms Louise Sylvan, said that the results of the ABS survey results on Personal Fraud showed how clearly consumer fraud has become a major concern.

“This survey, commissioned by the Taskforce, is the first occasion in Australia where we have had absolutely reliable statistics about the extent to which Australians are exposed and are victims to scams and frauds, including identity theft.

The ABS found that almost 6 million people are exposed to scams and frauds during any given year, with over 800,000 falling victim in some way. The financial losses are of major concern – with almost $1 billion in losses – a good part of which will go out of the Australian economy.

“While the normal kind of frauds still persists, mass-marketed global fraud is a new phenomenon that consumer protection and police agencies have not encountered before historically.

“Mass-market frauds and scams represent a serious problem from the perspective of the private sector as well. That is why over 40 private sector businesses join with the Taskforce each year in the co-ordinated campaign to help consumers avoid these scams and frauds.

Lotteries, pyramid schemes and phishing attacks top the list of these scams (which also follows the general complaints data from consumers). “Given that so many of these criminal perpetrators are not easily in the reach of Australian enforcement agencies, consumers need to be more vigilant than ever,” Ms Sylvan said.

“The key message for consumers is not to respond to ‘out-of-the-blue too-good-to-be-true offers’, keep up the protections on your computer, and keep credit cards in sight.”
This entry was posted in Uncategorized. Bookmark the permalink.

Leave a Reply

Your email address will not be published. Required fields are marked *

Nigerianspam.com is dedicated to all the hardworking people who have been scammed by the spammer or 419 scam frauds. Although our site concentrates on providing awareness of Nigerian 419 spam (scam), scam baiting, advance fee fraud, scam phising, also we deal with other types of fraud such as letter spam, e-mail scam, lottery spam as well. You can go through our scam baiting tips, it is just amazing way to deal with the spammer or scammer.

Nigerian Scam  |   419 Scam   |   Features of Scam  |   Mission  |   Research  |   Mail Archives  |   About Us   |   File A Complaint  |   Spam News  |   Origin Of Scam   |   Operation Of Scam   |   Consequences   |   Miscellaneous Scams   |   Scam Sites   |   FAQ   |   Contact Us  |   Scam Resources Links  |   Nigerian Scammers  |   Site Map  |   Mail Archives SiteMap  |   Scam Glossary  |   Scam Resources Books  |   Scam Checker Tool  |   Scam baiting   |   More Scam Sites  |  Scam Awareness Quiz  |   Celebrity Scam  |  Search Engine Genie  |   Bharat Udyog Ratna Award Scam Alert  |   Jeff Adams Real Estate Seminar   |   Russ Whitney Real Estate
free hit counter