Modernizing Authentication — What It Takes to Transform Secure Access
According to the Australian Competition and Consumer Commission (ACCC), 83,803 people reported losing a total of $93,423,030 as a result of scams in 2012, a nine percent increase over the previous year (h/t Softpedia).
Mobile phones were scammers' preferred method of delivery, with voice and text message scams comprising 56 percent of all reports to the ACCC, followed by scams delivered online (Web and e-mail) at 35 percent.
The total reported losses from online scams was $52,234,283.
Advance fee/upfront payment scams were the most commonly reported scam type at 32 percent of all reported scams, followed by computer hacking at 13 percent.
"However, reports of financial losses to the ACCC are just the tip of the iceberg as victims of scams are often too embarrassed to report their experience," ACCC deputy chair Delia Rickard said in a statement.
"Scammers continue to find sophisticated methods to deliver scams, taking advantage of new technologies and communication methods to try and slip under your radar," Rickard added. "Nowadays it can take just the click of a button to fall victim to a scam, so it is more important than ever that we practice safe techniques when communicating with others -- whether online, on the phone, at one’s business or even at home."