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The Times

Australians lost $2b to fraud in 2021. This figure should sound alarm bells for the future

  • Written by Cassandra Cross, Associate Dean (Learning & Teaching) Faculty of Creative Industries, Education and Social Justice, Queensland University of Technology
Australians lost $2b to fraud in 2021. This figure should sound alarm bells for the futureShutterstock

Australian consumers and businesses lost more than A$2 billion to scams in 2021, according to the Australian Competition and Consumer Commission’s (ACCC) annual Targeting Scams report released on Monday. This figure should sounds alarm bells – it’s more than double the $851 million reported lost in 2020.

The increase...

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