Australians Lost more than AUD 2 billion to Financial Fraud in 2021

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Australians lost a record more than AUD 2 billion to fraud in 2021, the ACCC’s latest report reveals. The report collects data from financial institutions and government agencies. Reported losses for all organizations totaled almost AUD 1.8 billion, but with a third of victims not reporting fraud, the ACCC estimates the actual losses to be more than AUD 2 billion.

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