/ 23 February 2023

Getting savvier about scams

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It’s hard to imagine a time when our phones weren’t constantly buzzing with yet another scam text or call, and it’s a problem that’s on the rise, according to the Bureau of Stats. New figures show that more than two-thirds of Aussies aged 15yo and over – that’s 13.2 million of us – were exposed to a scam in the 2021-22 financial year. That’s a 55% increase on the previous year, with the most common scams being over the phone (48%) or via text message (47%). Urban Aussies aged between 45-64yo were most likely to fall victim to a scam. And while more of us were targeted by increasingly sophisticated scammers, we’re becoming savvier, with 2.7% falling for a scam last year – down from 3.6% the previous year. More people are reporting scams to financial institutions or police, although they reckon 40% of the most serious crimes are still unreported. For extra points, here’s a good guide to staying scam safe.

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