When you look at the figures of the internet scams alone it is quite staggering the numbers being reported. For 2017 the Australian Competition & Consumer Commission (ACCC) is reporting a loss of $81 814 888 in total for all scam types, 152 101 reported cases of which 8.2% resulted in financial loss. I’ve included in the table below the main internet related scams.
|Scam type||Amount Lost||Number of Reports||Reports with financial losses|
|Phishing||$611 325||24 777||0.8%|
|Hacking||$1 461 574||5 330||5.0%|
|Identity Theft||$759 131||14 770||1.5%|
|Ransomware & malware||$203 781||4 234||4.7%|
2017 Data as per ACCC (https://www.scamwatch.gov.au/about-scamwatch/scam-statistics)
So as the data shows, there is still a long way to go but one thing you can do is to register to be notified of known scams. This does a few things:
- Gives you constant reminders of the fact that there are bad people out there that will try to scam you in various ways
- Allows you to be familiar with the types of scams out there
- Informs you of vulnerabilities with your computers and mobile devices which may require installing an update patch
There are various ways of being notified of internet scams, sites such as:
- The Australian https://www.scamwatch.gov.au by ACCC and
- The American https://www.consumer.ftc.gov/scam-alerts by the Federal Trade Commission.
The sites offer various ways of being alerted including email alerts, just look for the “subscribe” button/link on the relevant site. It’s recommended to register to a site which is local to your country as they will be more relevant to you, but it’s also useful to register with other sites as a lot of the scams are generic.