From ‘hi mum’ to crypto fraud: five of the latest scams to watch out for

‘Consumers who receive messages from a number they don’t recognise should independently verify the contact,’ an ACCC spokesperson said. Photograph: Tero Vesalainen/Alamy

Australians are losing at least $1m each day to scams as fraudsters become more sophisticated in their tactics.

There are 745 scams reported every day to Scamwatch – but it’s estimated these are just the tip of the iceberg, as many go undisclosed.