Australians are losing more money to NBN scams, with an average of more than $110,000 being lost each month between January and May this year, compared with about $38,500 in monthly average losses throughout 2018, an increase of nearly 300%.
Australians who are older, Indigenous or have disabilities reported record losses to scammers in 2018, according to the latest Scamwatch report from the Australian Competition and Consumer Commission.
Australians lost almost half a billion dollars to scammers in 2018, with investment scams the most financially devastating at $86 million, an increase of more than 34% compared with 2017, according to a newly published report.
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