Australia's consumer watchdog has released its data on the key scams Australians fell victim to last year — and how much money they lost.
Australians lost nearly $319 million last year to hundreds of thousands of scams, with investment scams the most financially damaging. The Australian Competition and Consumer Commission's Scamwatch has published its December figures, providing a full picture of the impact scams reported to the consumer watchdog's service had in 2024. Scamwatch heard of more than $318.7 million in reported losses, with 249,448 scam complaints.
Deputy Chair Catriona Lowe said at the time of the campaign's launch that it reminds Australians they are "not powerless to scammers". "When we’re alert, we’re in control. And by stopping and checking when we’re unsure, then reporting scams we’ve seen, we can protect ourselves and others against financial harm," she said.
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