[LINK] Gartner Online Banking Fraud Report

[Adam Todd]

>"Nearly 2 million Americans have had their checking accounts raided by
>criminals in the past 12 months, according to a soon-to-be released survey
>by market research group Gartner. Consumers reported an average loss per
>incident of $1,200, pushing total losses higher than $2 billion for the
>year."
>
>This is a big worry.  If the Gartner figures for the US are extrapolated
>proportionally to Australia's population (roughly) between 100,000 and
>200,000 Australians may have been taken for $100-200 million in the past
>year.

Yep that's about right, that's the guess most of the watchers are 
claiming.  Of course the banks, like Telstra, won't tell you anything if 
they can avoid it.  So unless legislation is passed requiring the banks to 
reveal these frauds, we'll never know about it.

>Has anyone seen any estimates of the scale of the problem in Australia?

 From a range of "unofficial" sources.