$300 million

AMOUNT OF MONEY AUSSIES LOST TO SCAMMERS IN 2016.

In figures reported by the Australian Competition and Consumer Commission (ACCC) and the Australian Cybercrime Online Reporting Network (ACORN), Australians were fleeced of at least $300 million by scams throughout the course of 2016. The most successful rorts were investment scams, followed closely by dating scams, which raked in $59 million and $42 million, respectively. “What is most concerning is that we are seeing scams getting nastier than ever before,” said ACCC deputy Delia Rickard, “there are a lot more threat-based scams targeting vulnerable people.”