Fraud and electronic crime was burgeoning yet was too often swept under the carpet by people and companies who were too ashamed to admit they have been swindled, a report said.

In 2002 Victorians were fleeced of what has been conservatively estimated to be more than $641 million by fraudsters and electronic criminals.

Yet during a two year inquiry into the area the Victorian Parliamentary Drugs and Crime Prevention Committee found a widespread unwillingness to own up to having been a victim.

The committee's final report handed down today was accompanied by 51 recommendations largely aimed at bringing fraud and electronic crime more into the open.

Published at News.com.au

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