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.
More than $5 million was lost to scams in 2018 involving gift cards — a 38% increase compared to 2017 — with iTunes cards accounting for $3.1 million in losses, according to Scamwatch, the competition watchdog ACCC’s scam warning service.
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