Scam Reports on the Rise


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Australians lose over $229 million to scams in 2015

The Australian Competition and Consumer Commission’s Targeting Scams Report reveals that $85 million was reported lost to the ACCC’s Scamwatch last year, with 105,200 scam complaints. In 2014, the ACCC received 91,600 scam complaints, with almost $82 million reported lost.

The ACCC is urging the community to ‘Wise Up to Scams’ following a $3 million increase in scam losses reported to the ACCC and a 15 per cent increase in complaints. In particular, they are encouraging older Australians to wise up and watch out for scams that target them so they don’t have their hard earned savings stolen.

For the first time, the ACCC has also reviewed data from other jurisdictions that receive reports or detect scams to get a clearer picture of the significance of losses caused by scam activity in Australia. After removing those scams reported to the ACCC, reports to the Australian Cybercrime Online Reporting Network (ACORN) revealed losses of over $127 million in 2015, from 25,600 complaints.

Have you been the victim of a scam?

Make a report on the Scamwatch website!


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