Australians losing billions to rising credit card fraud

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Australians losing billions to rising credit card fraud

STORY: Australians losing billions to rising credit card fraud SHOOTING TIME: March 21, 2024 DATELINE: March 22, 2024 LENGTH: 00:00:33 LOCATION: Canberra CATEGORY: SOCIETY SHOTLIST: 1. various of the ANZ Bank and the Commonwealth Bank 3. various of a mall in Australia STORYLINE: Credit card fraud is on the rise in Australia, with victims losing billions of dollars in 2022-2023, official data has revealed. According to figures released on Wednesday by the Australian Bureau of Statistics (ABS), 1.8 million Australians aged 15 and over were victims of card fraud in the 12 months to the end of June 2023. That figure represented 8.7 percent of the over-15 population, up from 8.1 percent in 2021-22 and 6.9 percent in 2020-21. In total, Australians who experienced card fraud lost 2.2 billion Australian dollars (1.4 billion U.S. dollars) in 2022-23. One-third of victims lost less than 100 Australian dollars, the ABS said, and 17.8 percent lost over 1,000 Australian dollars. The median amount withdr

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