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NCJ Number: 229814 Find in a Library
Title: Consumer Fraud in Australia: Costs, Rates and Awareness of the Risks in 2008
Author(s): Russell G. Smith; Carolyn Budd
Date Published: September 2009
Page Count: 6
Sponsoring Agency: Australian Institute of Criminology
Canberra ACT, 2601, Australia
Sale Source: Australian Institute of Criminology
GPO Box 2944
Canberra ACT, 2601,
Australia
Document: PDF
Publisher: https://www.aic.gov.au 
Type: Survey
Format: Document
Language: English
Country: Australia
Annotation: This paper examines the current evidence of the cost, extent of, and awareness of consumer fraud in Australia.
Abstract: In 2008, the ABS found that approximately 5 percent of the Australian population reported being victimized by consumer scams, with personal losses reaching almost $1 billion. This paper compares the findings of the ABS survey with those gathered by the AIC during the annual fraud awareness-raising activities conducted by the Australasian Consumer Fraud Taskforce. In 2008, a self-selected sample of 919 respondents to the AIC's online survey reported being victimized by a wide variety of scams, including those relating to fictitious lotteries, phishing scams, financial advice, and other attempts to elicit personal information from respondents. Individuals from all age groups were targeted in these scams, with older Australians being victimized to a similar extent to those in their middle years. Armed with an understanding of the nature and scope of the risks, consumer protection and other regulatory agencies can tailor their fraud prevention activities to maximize their impact - therefore reducing the extent to which consumers take up offers which are too good to be true. Tables and references Published Abstract)
Main Term(s): Criminology
Index Term(s): Consumer fraud; Consumer protection; Consumer protection laws; Crime costs; Crime in foreign countries; Identity Theft; Offense statistics; Victim profiles; Victimization; Victimization surveys
Note: AIC Trends & Issues in Crime and Criminal Justice, No. 382, September 2009
To cite this abstract, use the following link:
http://www.ncjrs.gov/App/publications/abstract.aspx?ID=251846

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