New methods scammers are using to steal from Australians and what can be done to stop it

Young man hands holding credit card and using phone

Source: Moment RF

The Australian Competition and Consumer Commission is warning people to be aware of scams that are becoming more elaborate when it comes to manipulating potential victims.


Looking at the data, people aged 65 and older are still most often targeted group. But there's evidence of increased susceptibility among more Australians including those from culturally and linguistically diverse backgrounds.  This year said there was a significant increase in complaints to the A-Triple-C Scamwatch site.  Victims reported losses of 236 million dollars, equating to an 87 percent increase on last year. The most common type, investment scams responsible for 121 million dollars being stolen.


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