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Aussies lose US$1.3bn to online identity fraud

Brian Corrigan (MIS Australia) | July 6, 2010
Australian internet users have lost almost US$1.3 billion to online identity fraud during the past year, a new survey has found.

SYDNEY, 7 JULY 2010 - Australian internet users have lost almost US$1.3 billion to online identity fraud during the past year, a new survey has found. About US$200 million of that total has yet to be recovered by the victims.

Fraudulent emails and fake websites were the most common scams, with 60 per cent of respondents saying they had been targeted during the past 12 months.

More than 2500 people took part in the survey, conducted by Galaxy Research on behalf of internet security firm VeriSign.

Younger respondents, aged 18-24, and South Australians were most affected by online identity fraud. One in 10 Australians expects they will never recover lost to online fraud.

"There are many factors at play when criminals strike online and Australians may not realise they have been duped until months later when their credit card statement arrives," VeriSign Asia-Pacific general manager Jim Drake said.

"The best way for Australians to stay safe online is to make sure they're always checking for enhanced security when submitting personal information."

High income earners, Queenslanders and respondents aged over 50 were the most "cyber savvy".

 

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