News Snapshot:
Australians have lost over $8.8 million to threat based scams so far this year (2020), and young people are reporting the highest losses. Threat based scammers often pretend to be from government departments and rely on fear, intimidation and people’s instinct to comply with authority, to scam victims. These scams are mainly phone-based and impersonate various officials, such as police, ATO officers or government investigators. People aged 24 and under reported losing more than $4.1 million to threat based scams and women reported losses three times higher than men. “It is extremely concerning that young people are being so severely...
