A four-year crackdown on online card payments fraud hitting Australians, grudgingly instigated in 2019 after losses ballooned past half a billion dollars a year, is in tatters after the release of the latest official figures revealed crooks again made off with more than $500 million between January 2022 and December 2022.
The latest online fraud numbers from the Australian Payments Network (AusPayNet) show that after three successive years below the $500 million threshold, online card fraud exploded from $451.8 million in 2021 to $516.8
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