Aussies scammed out of $850m in 2020 | Information Age

 Aussies scammed out of $850m in 2020 | Information Age

Scammers stole record amounts of money from Australians last year. Image: Shutterstock

Australians lost a whopping $850 million to scammers in 2020 – the largest ever amount in a single calendar year.

The sobering figure was published in the Australian Competition and Consumer Commission’s (ACCC) annual ‘Targeting Scams’ report.

ACCC deputy chair Delia Rickard said the amount sadly doesn’t even fully cover the dollar amount of scams.

“Last year, scam victims reported the biggest losses we have seen, but worse, we expect the real losses will be even higher, as many people don’t report these scams,” she…

Read full article at ia.acs.org.au