Australians report over $70M in losses due to investment scams in H1 2021
Investment scams reported to Scamwatch have cost Australians over $70 million in the first half of this year.
Investment scams reported to Scamwatch have cost Australians over $70 million in the first half of this year.
Most money remitters reviewed by the ACCC have taken steps to allow consumers to easily compare prices of international money transfers.
The ACCC’s latest Targeting Scams report reveals that Australians lost over $851 million to scams in 2020, a record amount.
The ACCC is aware of Facebook ads about cryptocurrency products featuring the name or image of an Australian public figure.
The latest data from Scamwatch reveals that Australians have reported $41.3 million in losses due to fraudulent investment schemes since the start of 2020.
Common scams include phishing for personal information, online shopping, and superannuation scams.