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Thu, 21 Mar



State of Scams in Australia with Feedzai

Join us to explore the GASA & Feedzai research into the State of Scams in Australia.

State of Scams in Australia with Feedzai
State of Scams in Australia with Feedzai

Time & Location

21 Mar 2024, 16:30 – 17:30 GMT+11



About the event

We invite you to explore the GASA-Feedzai research into the State of Scams in Australia at a virtual meet-up on the 21st of March from 4:30pm – 5:30pm (Eastern Australia Time – Sydney). The goal of the Meet-Up is to discuss the findings of the study and the scope of online fraud in Australia, while discussing which steps we can take together to turn the tide on scams.

17% of Australians approached reported monetary losses, averaging US$1,548. Extrapolating to the broader population, approximately 3,601,546 Aussies over 18 have danced with the devil of scams, resulting in a substantial loss of US$5.58 billion, equivalent to 0.3% of the nation's GDP.

Online scams are now the most reported type of crime. Most countries now state that between 20 to 50% of all crimes reported are related to online fraud. This is only the tip of the iceberg, as only 7% of all scam victims report the crime to law enforcement. With more than 1 trillion USD lost last year, affecting 1-in-4 individuals worldwide, fast action is required.

The Global Anti-Scam Alliance (GASA) mission is to protect consumers worldwide against scams. We realize our mission by bringing together governments, law enforcement, consumer protection organizations, financial authorities and telecom providers, social media, Internet service providers and cybersecurity companies to exchange intelligence, network, share data, and define joint actions to protect consumers globally better from scams.

We hope you can join our meeting and share your insights on how we can fight scammers better in our open discussion.

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