Australians to Lose $4 Billion to Scams in 2022: Aussie Minister

Australians to Lose $4 Billion to Scams in 2022: Aussie Minister
Illustration picture shows a mobile phone and laptop with the Google website, on Dec. 14, 2020. Laurie Dieffembacq/BELGA MAG/AFP via Getty Images
Alfred Bui
Updated:

The Australian government has warned that scammers could rob Australians of $4 billion (US$2.57 billion) in 2022, which is nearly twice the amount of losses reported in the previous year.

On Nov. 7, Financial Services Minister Stephen Jones announced that the Labor government would establish a new anti-scam centre inside the Australian Consumer and Competition Commission (ACCC) to fulfil its election promise.

Alfred Bui
Alfred Bui
Author
Alfred Bui is an Australian reporter based in Melbourne and focuses on local and business news. He is a former small business owner and has two master’s degrees in business and business law. Contact him at [email protected].
Related Topics