Online fraudsters score over $1b a year from Australians: report

Australians are still falling victim to online scammers who promise instant wealth but then steal hundreds and sometimes thousands of dollars from their target.Internet users are handing over at least $1 billion a year to online fraudsters as well as volunteering bank details such as pin numbers to conmen posing as bank officials. see:Internet scam victims open to prosecution
The old adage “if it looks too good to be true, it probably is” still rings true, according to a Federal Government report on internet scams which make up part of Australia’s $8.5 billion fraud ‘industry’.The methods used to part Australians – particularly the elderly – from their cash are many, and many are still falling for the scammers’ pitch.

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