Fake text messages on the rise, but experts warn Australians most losses are from more sophisticated scams


Financial scams have become more sophisticated and easier to perpetrate, ballooning into a billion-dollar industry in Australia, experts have warned.
Last year more than 239,000 scams worth $570m were reported to Scamwatch, but the organisation says the real number is much higher, as only about 13% of scams are reported.
Investment scams remain the number one risk for…

This story appeared on theguardian.com, 2023-01-25.
The Web's Most Comprehensive Business News Site. Free to Use →