In a recent investigation by the Australian Federal Police (AFP), over 65s have emerged as the worst-hit demographic, suffering substantial financial losses due to online scams. With over 100 scam operations now under scrutiny, authorities are working tirelessly to curb the rising tide of cyber fraud.
AFP’s Operation Dolos Uncovers 100 Scam Operations
The AFP’s Operation Dolos, launched to tackle online fraud, has identified 100 scam operations targeting Australians. These scams, ranging from phishing schemes to investment fraud and identity theft, have resulted in estimated losses of billions of dollars. The most affected have been individuals aged 65 and above, who accounted for nearly 120 million AUD in losses in 2023.
Rising Threats to Elderly Population
- Phishing Scams: A significant portion of the scams investigated targeted older Australians via deceptive emails, phone calls, and fraudulent websites. These schemes often impersonate legitimate services, such as banks or government agencies.
- Financial Fraud: Many seniors were duped into sharing sensitive personal information, resulting in unauthorized withdrawals and financial losses.
- Investment Scams: Scammers posing as financial advisors promised lucrative returns, leaving victims with depleted savings.
Increased Awareness and Prevention Efforts Needed
- Education and Training: Experts emphasize the need for heightened awareness among older Australians about recognizing and avoiding scams.
- Reporting and Support: The AFP has urged victims to report fraud and seek support through official channels, while continuing to push for stricter regulations on online fraud.