The research discovers that the average loss by Australians due to phishing mail, bogus use of credit cards, Nigerian scams and other online fraud was $1,000.

About the accuracy of the figures, Detective Inspector Bruce Van Der Graaf, Head of the NSW Police Computer Crime Unit, stated that these figures seemed to be within the range of probabilities, as reported by smh on July 6, 2010.

He adds that the phishing mail involves a lot of ID fraud which is very difficult for users to detect. In fact, people overlook these phishing e-mails that could lead to heavy losses. Therefore, computer users need to understand the importance of remaining vigilant while working online.

Moreover, Detective Superintendent Brian Hay, Head of the QLD Police Fraud Squad, was not surprised from the fact that youth were losing most of the money. As per the survey discovery, users aged over 50 were more cautious about online security compared to the the younger generation, as per the reports by smh on July 6, 2010.

He further states that he went to give a presentation recently to some University students. He believed that young people should understand the Internet and different ways to avoid online scam, but he was surprised to find that they (young people) lack awareness about avoiding online scams.

Brian Hay adds that most of the students believe that if the site appears professional, everything is correct. Although the youth is well acquainted with today's technology, they are still unprepared for online threats and dangers. They have no knowledge about these threats and dangers

Lastly, the security experts suggest that people should be careful of the present scams and adopt actions to lessen the risks.