Scammers are tricking innocent victims to part with their money by using iTunes gift cards as their preferred method of payment.
According to Consumer Protection WA ScamNet data, 34 victims purchased iTunes cards worth $116,909 in 2017, in comparison 17 victims reported losses totalling $68,637 in 2016.
The cold calling scammers pretend they are from Telstra or the Australian Taxation Office.
They tell their targets they must pay an outstanding debt urgently, repay a credit that has appeared in their bank account or assist in catching a hacker who has supposedly accessed their bank account.
One recent scam victim went to a Woolworths store and made 16 separate purchases of $500 iTunes cards. She then went to Coles and purchased three $1,000 iTunes cards plus $300 resulting in a $11,300 loss.
In 2017, 398 victims reported losing $8,060,899 in scams. The number of victims was more than the 372 victims reported in 2016 but losses were less than the 2016 total of $9,037,153.
While there has been a doubling of losses from employment and investment scams, the losses from dating and romance scams have halved.
For more information and advice on scams, visit http://www.scamnet.wa.gov.au