Scams reported by men: 79,600 reported, $57 million lost
The top scams, by the value of losses, included investment scams totalling $86 million, romance and dating scams , followed by false billing.Some new scams had "come from nowhere" and taken off, including business email scams which represented about $60 million in losses in 2018. After hacking a company's email system, scammers were sending fake invoices to customers but directing payment to a new account.
These reports represented only a fraction of those occurring. Many victims were too embarrassed to report it and experts said victims are often reluctant to believe they had been conned. Con artists targeted the most vulnerable and poorest of the community, including 7800 reports of scams by people who had a disability or a chronic illness.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Coalition pledges $100 million for small, family business | Sky News AustraliaPrime Minister Scott Morrison has pledged $100 million to help small and family business, in a funding promise the party hopes will firm up votes in South Australia. \n\nMr Morrison told Sky News the $100 million business growth fund, which was announced on Tuesday, is part of the biggest equity investment in small and family businesses ‘ever seen in government’. \n\nThe Coalition is continuing its jobs pitch in South Australia, where the party is at risk of losing a number of marginally held seats. \n\nImage: News Corp Australia \n\n\n johnjowardpm billshortenmp Desperate times You have used a fake profile for Mr Howard 🤔🤨 johnjowardpm billshortenmp johnjowardpm billshortenmp Hey, they've hauled the rodent out of mothballs. Little Johnny can rest assured that Morrison will be inheriting his tradition of blatant lies and outright racism. Deploying this worthless hack is always a sign that things aren't looking good. auspol ausvotes2019
Source: SkyNewsAust - 🏆 7. / 78 Read more »