Scammers and Financial Fraud

Is there a meaningful solution to stopping scammers and financial fraud?

Falling victim to scammers is an awful feeling. It’s not only the theft of money or personal information that stings, the thought of being tricked by lowlife crooks is enough to enrage anyone.

Statistics show more than 95 per cent of Australians are exposed to telephone, text and internet scams each year.

Even more alarming is the amount of money these thieves are stealing from us. Last year it exceeded three billion dollars.

But on 60 MINUTES, Amelia Adams reports there is finally some positive news. A major fightback is underway and it’s one that aims to turn Australia from an easy target into an impenetrable fortress.