Lotto scams trick Aussies out of $760,000

 Lotto scams trick Aussies out of $760,000

Lotto and prize money scams jumped in April (Source: Getty)

Lottery and prize money scams have stolen well over half a million dollars from Aussies so far this year, according to the .

The financial burden has been significant – of the 2,632 lottery and prize money scams reported this year, only 4.1 per cent resulted in financial loss – but that amounted to $757,482.

Surprisingly, these types of scams appear to overwhelmingly affect women, who account for 71 per cent of the victims.

The rise of ‘smishing’ scams

The most common way scammers have been targeting Aussies is through phishing, with a large increase month on month in April of…

Read full article at au.finance.yahoo.com