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New Zealand’s fraud losses over the past year totaled approximately USD 160 million, with cryptocurrency scams increasingly targeting Pacific communities.

Source: b2bnews.co.nz
Data shows that New Zealand lost approximately USD 160 million to various fraud activities over the past year, with scams exploiting personal relationships accounting for about USD 19 million of those losses. Local media reports indicate that Pacific communities are becoming prime targets for cryptocurrency scammers.

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