AU: Online ID fraud losses explode to $1.3bn a year

Asher Moses reports:

One in 10 Australian internet users have lost money to online identify fraud over the past year with losses totalling $1.286 billion, according to the VeriSign Online Fraud Barometer figures released today.

The findings represent a significant increase on the figures reported in June by the Australian Bureau of Statistics, which surveyed Australians in 2007 and found that just over 800,000 had been victims of personal fraud. Back then, combined losses were $977 million.

Read more in The Age.

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