Australians lost almost half a billion dollars to scammers in nine months — and that’s only what we know about | #datingscams | #lovescams

Between January and September this year, Australians lost $424.8 million to scammers (that’s more than $47 million a month).

It signifies a 90 per cent increase in losses compared to the same period last year.

But those figures are likely only the tip of the iceberg, with just 13 per cent of victims reporting crimes to Scamwatch.

Your quick guide

Get the key statistics from the ACCC’s latest scam data.(Pixabay)
  • Scamwatch has received more than 166,00 reports with more than $425.8 million in total losses.
  • People aged 65 and over made the most reports (35,343) and experienced the highest losses ($87.4 million). 
  • Approximately 12 per cent of people who reported to Scamwatch experienced a financial loss, and 27 per cent reported loss of personal information.

Dive deeper

A hook goes through a computer with someone's login, an illustration of a "phishing scam".
Read more on common scams and how to stay safe.(Pixabay: Mohammed Hossan)

Combined losses this year may reach $4b

In 2021, Australians lost nearly $1.8 billion to scams, but the ACCC believes the real figure is “well over $2 billion”.

This year, it says combined losses may be on track to reach $4 billion.

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