According to Scamwatch and its report, the total damage from illicit schemes led to $70 mln losses during the first half of 2021. The company noticed that its team had tracked a 53.4% rise in the number of complaints collected by the end of 6 months (4763). They had 3 104 claims during the same period of the previous year.
In addition to stealing funds, fraudsters engaged in illicit activities or identity theft used the data they received from the victim.
Australian financial authorities predicted that losses could be doubled by the end of this year.