Australians have been warned to be careful when buying gifts this holiday season as losses to online shopping scams have already increased 42% this year as the country enters the busy Christmas-New Year period.
The annual losses incurred by NBN Co, the company rolling out Australia's national broadband network, have been halved in 2019-20 year-on-year, according to the company's results which were announced on Tuesday.
Business email compromise scams cost Australian businesses $132 million in losses in 2019, causing the highest losses across all scam types for the year.
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