The number of people complaining about falling victim to or being targeted by ascam has doubled in Australia over the past few months, according to the Australian Securities and Investments Commission. ASIC commissioner Professor Berna Collier said on Wednesday she felt the issue was accelerating so fast that a general warning to raise awareness was necessary.
"The number of complaints we received in April and May was double the amount we received in February and March this year. Last year, the number of complaints was double what we received the year before so unfortunately it is an accelerating trend," Collier said.
Munir Kotadia of ZDNet Australia reported from Sydney. For the full story, click here.