Scammers fleece Australians out of $90 mln

June 17, 2013
This file illustration photo shows a pedestrian speaking on a mobile phone while standing next to a promotional billboard, on May 2, 2006. Australians were fleeced out of more than $90 million last year by scammers, and officials on Monday said they believe it was just the tip of the iceberg. The majority of scams were delivered over the phone.

Australians were fleeced out of more than Aus$93 million (US$90 million) last year by scammers, and officials on Monday said they believe it was just the tip of the iceberg.

The money people lost was up nine percent on the previous year with a big jump in online shopping scams, the Australian Competition and Consumer Commission (ACCC) said in a new report.

The biggest fraud was people being asked to pay to access a share in a sum of money they are told they are owed, with gullible handing over more than Aus$30 million.

This was followed by Aus$23.3 million being sent to someone they think they are in an online relationship with, but is in fact a con.

Online shopping fraud, using increasingly sophisticated fake logos, emails or websites, raked in more than Aus$4.0 million.

"Reports of to the ACCC are just the tip of the iceberg as victims of scams are often too embarrassed to report their experience," ACCC deputy chair Delia Rickard said.

" continue to find sophisticated methods to deliver scams, taking advantage of new technologies and communication methods to try and slip under your radar.

"Nowadays it can take just the click of a button to fall victim to a , so it is more important than ever that we practice safe techniques when communicating with others—whether online, on the phone, at one's business or even at home."

The report said most consumers who reported being duped lost between Aus$100 and Aus$499 in what the agency described as "high volume" scams targeting many people.

The majority of scams were delivered over the phone, with voice and text messaging also popular with fraudsters.

Explore further: Why people fall victim to scams

Related Stories

Why people fall victim to scams

May 20, 2009

( -- The psychological reasons consumers may fall victim to mass marketed scams are revealed today in groundbreaking research.

Romance scams online hit hundreds of thousands of victims

September 27, 2011

New online research led by the University of Leicester reveals that over 200,000 people living in Britain may have fallen victim to online romance scams – far more than had been previously estimated. The study is believed ...

Recommended for you

The ethics of robot love

November 25, 2015

There was to have been a conference in Malaysia last week called Love and Sex with Robots but it was cancelled. Malaysian police branded it "illegal" and "ridiculous". "There is nothing scientific about sex with robots," ...

Tandem solar cells are more efficient

November 23, 2015

Stacking two solar cells one over the other has advantages: Because the energy is "harvested" in two stages, and overall the sunlight can be converted to electricity more efficiently. Empa researchers have come up with a ...


Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.