Melbourne residents, particularly those aged 61-75, face rising scams involving fake events and investment schemes, causing $300 million in losses last year.

Residents in Melbourne's western suburbs are facing a rise in scams, including fake tickets for events like Taylor Swift concerts and fraudulent investment schemes, according to Westpac's report. Vulnerable populations, particularly those aged 61-75, are heavily impacted. In the last year, Australians reported nearly $300 million lost to 273,000 scams, with scammers evolving tactics to target high-demand items. Westpac encourages vigilance and consultation before financial transactions.

October 05, 2024
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