Sunday, March 26, 2023
HomeProperty Investment13.2 million Aussies uncovered to scams

13.2 million Aussies uncovered to scams

Scams have grow to be an unlucky actuality in in the present day’s digital age, and no nation is immune.

In truth, in line with figures launched by the ABS, two-thirds of Australians aged 15 years and over had been uncovered to a rip-off in 2021-22.

Scam Exposure Rate(a), By Age, 2021 22

William Milne, ABS head of crime and justice statistics, mentioned:

“The outcomes of The Private Fraud Survey confirmed that 65 per cent of individuals obtained a rip-off provide or request in 2021-22, up from 55 per cent within the earlier yr.”

How are we being uncovered?

In line with the report, individuals had been mostly uncovered to a rip-off over the cellphone (48 per cent) or by textual content message (47 per cent), with publicity through textual content message doubling from 23 per cent in 2020-21 to 47 per cent in 2021-22.

Scam Exposure Rate(a), By Mode Of Exposure(b), 2020 21 To 2021 22(c)

Mr Milne commented:

“Whereas extra individuals had been uncovered to scams this yr, we discovered that the quantity responding to scams has truly decreased to 552,000.

Extra individuals are reporting the incidents to the authorities

The outcomes additionally confirmed that extra individuals are reporting their experiences to authorities.

Of those that responded to a rip-off, 57 per cent reported their most severe incident, up from 50 per cent in 2020-21.

Scams, Authorities Most Serious Incident Was Reported To(a)(b)(c), 2020 21 To 2021 22

Mr Milne mentioned:

“About one-third reported to a financial institution or monetary establishment, which stays the most typical authority scams are reported to.

Nevertheless, now we have just lately seen a notable enhance in reporting to the police, up from 8.2 per cent in 2020-21 to 14 per cent in 2021-22.”

Steffi Sendecki is a Property Strategist at Metropole with a background in Wealth Administration helping high-net-worth people and households obtain their monetary and life-style targets by means of the supply of strategic funding recommendation.


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