Practically 2 million Aussies affected in 2022-23
ABS has revealed a pointy rise in card fraud incidents, with almost 9% of Australians falling sufferer within the final monetary 12 months.
William Milne, ABS’ head of crime and justice statistics, highlighted a big enhance in card fraud victims to eight.7% of Australians in 2022-23, up from 8.1% the earlier 12 months.
Nearly all of card fraud incidents concerned comparatively small quantities, with one-third (34%) of victims shedding lower than $100, although one in six (18%) suffered losses over $1,000.
“The median quantity that was fraudulently withdrawn or spent was round $200 for every card fraud incident,” Milne stated in a media launch.
An amazing majority of card fraud victims, 98%, reported the incident, with 92% contacting their financial institution or monetary establishment.
Along with card fraud, half 1,000,000 Australians have been scammed in 2022-23, with shopping for or promoting scams, together with false billing and on-line purchasing frauds, being most prevalent.
Greater than two-thirds (69%) of rip-off victims reported the incident, typically to a financial institution or monetary establishment, which accounted for 49% of notifications.
ABS’ 2022-23 Private Fraud Survey particulars the charges of card fraud, id theft, on-line impersonation, and sure scams, together with socio-demographic profiles of the affected people.
Get the most popular and freshest mortgage information delivered proper into your inbox. Subscribe now to our FREE each day publication.
Sustain with the newest information and occasions
Be a part of our mailing checklist, it’s free!
