Coast not sold on online fraud

ONLINE scammers contribute a significant number to business losses each year, but Gold Coast residents are proving less susceptible of falling victim to fraudulent activity.

A report by The Australian Competition and Consumer Commission (ACCC) shows a national total of $70 million in reported losses through scams in 2009.

Queensland Fair Trading Minister Peter Lawlor, says while the Gold Coast is not immune to scams, the numbers indicate some resilience.

“The Office of Fair Trading received 2173 complaints relating to scams in 2009 — up 800 on the previous year. Of these complaints, 66 originated from Gold Coast residents,” he says.

ACCC deputy chair Peter Kell, says the majority of total national losses occurred through fraudulent internet activities and the real figure is expected to be much higher.

“Realistically, this figure is likely to be the tip of the iceberg – given people can be embarrassed about reporting that they have fallen victim to scams and lost money in the process,” he says.

Lawlor concedes there are many instances that go unreported and urges victims of online scammers to report the crimes and help stamp out fraudulent online activity.

Get our daily business news

Sign up to our free email news updates.

Please tick to verify that you are not a robot

 

Help us deliver quality journalism to you.
As a free and independent news site providing daily updates
during a period of unprecedented challenges for businesses everywhere
we call on your support

Naturally Good: Showcasing Australia’s natural and organic leaders
Partner Content
With just days to go until Naturally Good, Australia’s leading trade exhibition d...
Naturally Good
Advertisement

Related Stories

The Star secures keys to gaming floors despite $3.6b Queen’s Wharf facing delayed opening

The Star secures keys to gaming floors despite $3.6b Queen’s Wharf facing delayed opening

A blowout in the construction timetable has pushed the opening of t...

Baby Bunting shares plummet after 'unprecedentedly low' sales

Baby Bunting shares plummet after 'unprecedentedly low' sales

Baby Bunting Group (ASX: BBN) has seen shares tumble by 24pc this m...

Lewis Land’s $1.5b Harbour Shores to drive decade-long transformation of Harbour Town precinct

Lewis Land’s $1.5b Harbour Shores to drive decade-long transformation of Harbour Town precinct

Sydney-based Lewis Land Group is preparing for a decade-long transf...

Amcal owner Sigma will give shares to Chemist Warehouse in exchange for $3b supply deal

Amcal owner Sigma will give shares to Chemist Warehouse in exchange for $3b supply deal

The owner of such pharmacy retail brands as Amcal, Discount Drug St...