According to CommInsure’s website around “one in every 20 Australians are estimated to have been caught by scams.” It is also estimated that “around two-thirds of consumer fraud now occurs online”.
Commonwealth Bank Group has thus joined forces with the Australian Bankers’ Association to help stop online fraud by taking part in Fraud Week. The industry campaign, which runs from 1 – 7 March, focuses on raising awareness of online consumer fraud such as scams and hoax emails.
Fraud Week is coordinated by the Australasian Consumer Fraud Taskforce, which is a group of 21 Australian and New Zealand government agencies.
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