Australia’s NASC Scams Report 2024 shows a 25.9% drop in scam losses, with social media being the most common contact method and phone and bank transfer scams causing the highest losses

These organisations have been working collaboratively to strengthen public awareness campaigns, educating individuals on how to recognize and avoid scams. In addition, they have made significant advancements in improving scam detection systems, utilizing advanced technology and data analytics to identify potential threats more swiftly. This includes the development of real-time monitoring tools and AI-powered algorithms to spot suspicious…