News Risk Management24 May 2017

Australia:Businesses lost A$3.8 million to scams in 2016

24 May 2017

Nearly 6,000 Australian businesses reported being targeted by scams in 2016, with nearly A$3.8 million (US$2.85 mln) losses arising, an increase of almost 31% y-o-y. Of this sum, over $2 million was reported lost by SMEs. The average loss was $10,000.

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