Australians lost a record amount of more than $2 billion to scams in 2021, the ACCC’s latest Targeting Scams report reveals.
Australians lost over $205 million to scams between 1 January and 1 May 2022, a 166% increase compared to the same period last year.
Investment scams reported to Scamwatch have cost Australians over $70 million in the first half of this year.
The ACCC’s latest Targeting Scams report reveals that Australians lost over $851 million to scams in 2020, a record amount.
Australians reported more than $66.4 million in losses due to investment scams in 2020, according to Scamwatch data.
The latest data from Scamwatch reveals that Australians have reported $41.3 million in losses due to fraudulent investment schemes since the start of 2020.