Modern Australian

A record $340 million lost to fraud in Australia, says latest ACCC report

  • Written by Cassandra Cross, Senior Lecturer in Criminology, Queensland University of Technology
A record $340 million lost to fraud in Australia, says latest ACCC reportMillions of dollars lost in fraud in 2017, up on the year before.Shutterstock/Pearl diver

More than A$340 million was reported lost by Australian victims of fraud schemes in 2017, up A$40 million on the previous year. So says the latest Targeting scams report released this week by the Australian Competition and Consumer Commission (ACCC).

It is...