Each year, millions of Australians lose money to fraud. According to the Australian Competition and Consumer Commission (ACCC) Australians reported over $851 million lost to fraud in 2020, up from $634 million in 2019. While these monetary losses are significant, there are also many wide ranging non-financial harms that result from fraud. The impact can be both devastating and life changing for victims, yet there is a shame and stigma that prevents many from talking about it.
The theme for this year’s National Scams Awareness Week campaign is “Let’s talk scams”. Associate Professor Cassandra Cross and a leading industry expert panel from across Australia discussed frauds and scams on Monday 9 November 2021.
You can watch the industry panel discussion below: