Card Fraud Rises Across Australia To $2.2bn

March 20, 2024 • 00:04:50
Card Fraud Rises Across Australia To $2.2bn
Digital Finance Analytics (DFA) Blog
Card Fraud Rises Across Australia To $2.2bn

Mar 20 2024 | 00:04:50

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Show Notes

In the most recent incident of card fraud: the gross amount withdrawn or used for all incidents was $2.2 billion while the net loss after any reimbursements paid for all incidents was $476 million. The median amount withdrawn or used per incident was $200, A further 514,300 (2.5 per cent) experienced some kind of scam, and just under 200,000 (1.0 per cent) were victims of identity theft. The proliferation of the digital world has opened the door for more scans, so we need to be careful with the information we share, the links we click, and monitor statements to look […]
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