Coming Up Wed 4:00 PM  AEDT
Coming Up Live in 
Live
Gujarati radio
SBS GUJARATI

Australians lost millions to scams in 2020

Australians lost millions to scams in 2020. Source: iStockphoto

A national consumer report shows Australians lost a record amount of money to scammers in 2020. The top issues causing the most financial harm to Australians were investment scams and romance fraud.

Highlights

  • According to a new report, from the Australian Competition and Consumer Commission, a record $851 million was taken from Australians last year.
  • The A-Triple-C report used data from Scamwatch, ReportCyber, other government agencies, 10 banks and financial intermediaries.
  • Investment scams topped the list, with $328 million lost – more than a third of total losses, romance scams came in next, with lonely hearts losing $131 million.

 

ALSO LISTEN

Here's how to follow SBS Gujarati on our other digital and social media platforms.

Coming up next

# TITLE RELEASED TIME MORE
Australians lost millions to scams in 2020 10/06/2021 06:42 ...
SBS Gujarati News Bulletin 29 November 2021 29/11/2021 04:57 ...
SBS Gujarati News Bulletin 26 November 2021 26/11/2021 05:38 ...
SBS Gujarati News Bulletin 25 November 2021 25/11/2021 05:37 ...
SBS Gujarati News Bulletin 24 November 2021 24/11/2021 06:02 ...
SBS Gujarati News Bulletin 23 November 2021 23/11/2021 05:45 ...
Under changes in Migration Act - 'Section 48 bar' has been lifted for certain skilled visas 23/11/2021 10:14 ...
SBS Gujarati News Bulletin 22 November 2021 22/11/2021 06:12 ...
Skilled migrants, international students welcomed back to Australia from 1 December 22/11/2021 03:07 ...
SBS Gujarati News Bulletin 19 November 2021 19/11/2021 06:25 ...
View More