Credit fraud hit more than 1.6 million Australians

The Australian Bureau of Statistics says 1.6 million Australians experienced some sort of personal fraud last financial year. That marks an increase of nearly 7 per cent since 2010. As Yin Wu explains, it is costing a total of 3 billion dollars, with two- thirds of that relating to card fraud.

Credit-card fraud hits 1.6 million Australians (AAP)