Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


$4 million lost to scams


Media release

25 February 2013

$4 million lost to scams

Figures released by a Ministry of Business, Innovation and Employment-led Consumer Fraud Working Group show Kiwis lost close to four million dollars to scams last year.

Out of the 4204 reports last year, 727 people lost money an average of $5,464.55 per person. Many people reported losing significantly more.

MBIE spokesman Jarrod Rendle says losses reported by members of the public rose by more than $1.7 million between 2011 and 2012, despite 1309 fewer scams being reported.

This is in part due to a marked increase in losses to investment-related scams.

“Losses to investment-related scams such as boiler room fraud rose by 77 per cent last year. People that fall prey to investment scams can lose very large sums of money – with three people losing more than $150,000 each.”

The group also saw a large increase in the amount lost to dating scams – more than $2.2m in losses compared to $900,000 in 2011.

NetSafe Operations Manager Lee Chisholm says fraudsters usually befriend vulnerable people online and later claim to urgently need large sums of money for an overseas financial emergency.

“These scams can see the victims emotionally devastated and lose their life’s savings. Three people lost over $100,000 each last year.”

The Consumer Fraud Working Group’s report shows a 23 per cent drop in the amount lost to phishing. Losses to scams that trick people into thinking that they have a virus on their computer also dropped by 67 per cent.

The full scam statistics are available at: http://www.consumeraffairs.govt.nz/scam-news/4-million-lost-to-scams

[ends]


Notes to Editors:
The Consumer Fraud Working Group was formed to share resources and better identify and publicise consumer fraud and scams. It is made up of the Ministry of Business, Innovation and Employment (MBIE)’s Consumer Affairs team, the Department of Internal Affairs' Electronic Messaging Compliance team and non-government organisation NetSafe.

• For cyber safety advice visit www.netsafe.org.nz.
• For information on spam, or to report email, fax or text spam go to www.antispam.govt.nz.
• For more information on scams visit www.scamwatch.govt.nz.

Figures were collected from scams reported through the Consumer Affairs website and NetSafe’s online reporting system the ORB www.theorb.org.nz


© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Statistics: Net Annual Migration Passes 71,000

A record 71,300 more migrants arrived in New Zealand than left in the January 2017 year, Statistics New Zealand said today. This surpassed the previous annual record set in December 2016. More>>

ALSO:

Fossils: Ancient Penguins Lived Alongside Dinosaurs?

Penguins are much older than previously thought and their evolution probably dates back to the days of the dinosaurs, according to research on the fossilised leg bone and toes of a giant ancient penguin found in rocks near Waipara, North Canterbury. More>>

No Voda/Sky: Commission Declines Clearance For Merger

The Commerce Commission has declined to grant clearance for the proposed merger of Sky Network Television and Vodafone New Zealand. More>>

ALSO:

EARLIER:

Power: IEA Report On New Zealand's Energy System

Outside of its largely low-carbon power sector, managing the economy’s energy intensity and greenhouse gas emissions while still remaining competitive and growing remains a challenge. More>>

ALSO:

NASA: Seven Earth-Size Planets Around A Single Star

NASA's Spitzer Space Telescope has revealed the first known system of seven Earth-size planets around a single star. Three of these planets are firmly located in the habitable zone, the area around the parent star where a rocky planet is most likely to have liquid water. More>>

ALSO:

Auckland Transport Case: Men Guilty Of Corruption And Bribery Will Spend Time In Jail

Two men who were found guilty of corruption and bribery in a Serious Fraud Office (SFO) trial have been sentenced in the Auckland High Court today... The pair are guilty of corruption and bribery offences relating to more than $1 million of bribes which took place between 2005 and 2013 at Rodney District Council and Auckland Transport. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news