Aussies reported nearly 4,000 crypto scams in 2022, 162.4% more than in 2021 with crypto scammers able to swindle the most funds per incident on average.
Bank transfers remained the largest scam payment method with nearly 13,100 reports totaling $141 million — $7.3 million less than crypto payments.
Data showed that crypto scammers mostly contacted victims through social media and networking apps, while bank payment scammers more often reached out via phone and email.ACCC Deputy Chair Catriona Lowe partially attributed the spike in scams to new technologies making it easier to “lure and deceive victims” with increasingly “sophisticated” tactics:
“Australians lost more money to scams than ever before in 2022, but the true cost of scams is much more than a dollar figure as they also cause emotional distress to victims, their families and businesses.”
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