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New Zealand citizens have lost nearly $15 mln to online scammers

Nov 20 2019
By
Jonathan Smith

For a year New Zealand citizens have lost over 23 million NZD (14,8 million USD) in online scams, where the average victim has been deprived of 9801 USD.

 

According to Netsafe analysts - an online safety organization, that gathered the data, the actual number is much higher, because most victims are often too embarrassed to report their losses.

 

On one occasion a man lost as much as 5 million NZD (3,2 million USD) in an inheritance scam.

 

Among the various types of online scams of particular interest are the investment scams, where between July 1st 2018 and June 20th 2019  in 169 reported cases investors have lost over 4,6 million NZD (nearly 3 million USD) – on average 27 770 NZD per case.

 

According to Netsafe chief executive Martin Cocker scammers often trick people by gathering their personal data online and using digital marketing techniques to target them.

 

“These scams are designed to mimic well-known organizations and processes that people trust,” Cocker explained.

 

Scammers are also often based outside the country, which basically means that victims are not likely to see their money again.

 

"The simple message of 'If it seems too good to be true, it probably is' no longer reflects the reality of the online scam and fraud landscape. It would be more accurate to say: 'Even if it seems like a reasonable deal, stop and think is this real or a scam'",  Cocker added.

TAGS: New Zealand  online scam  forex 
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