SCAMS ON THE RISE
THE number of people reporting scam activity in Australia was at record levels in 2016. Losses totalled $299.8 million in a 47 per cent increase in reports compared with 2015. Scamwatch and the Australian Cyber Online Reporting Network received a combined 200,000 complaints. Australians over 55 accounted for 45 per cent of reports. Most of the losses were from investment scams, totalling $59 million. Dating and romance scams accounted for the next highest losses at $42 million. Get updates on the latest scams at www.scamwatch.gov.au.