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![](/sites/www.scamwatch.gov.au/files/styles/scamwatch_news/public/featured/1531-Scamwatch-Targeting-Scams-Report-THM_1.png?itok=zLnq7f6s)
Data from the ACCC’s annual Targeting Scams report, released this week, indicates scammers don’t discriminate and are targeting a range of different communities in Australia.
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Business email compromise scams caused the highest losses across all scam types in 2019 costing businesses $132 million, according to the ACCC’s Targeting Scams report.
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Australians lost over $634 million to scams in 2019, according to the latest figures in the ACCC’s Targeting Scams report released today.
![Finance scams icon with pie chart and bar graph](/sites/www.scamwatch.gov.au/files/styles/scamwatch_news/public/2020-04/finance-scams-360x272.png?itok=Lrvz9vUs)
เดี๋ยวนี้ แก๊งต้มตุ๋นกำลังพยายามหาประโยชน์กับคนออสเตรเลียที่ได้รับผลกระทบทางการเงินจากวิกฤตกาลโควิด–19 โดยมีรายงานเกี่ยวกับการต้มตุ๋นเงินเกษียณใหม่ ๆ ไปที่สแกมวอท์ช (Scamwatch) ในระยะไม่กี่สัปดาห์ที่ผ่านมา
![Finance scams icon with pie chart and bar graph](/sites/www.scamwatch.gov.au/files/styles/scamwatch_news/public/2020-04/finance-scams-360x272.png?itok=Lrvz9vUs)
Scammers are now trying to exploit Australians financially impacted by the COVID-19 crisis with new superannuation scams being reported to Scamwatch in recent weeks.
![Scamwatch COVID-19 thumbnail](/sites/www.scamwatch.gov.au/files/styles/scamwatch_news/public/2020-04/SCAMWATCH-COVID-19_360x272.png?itok=hClu9yey)
Australians should be aware scammers are adapting existing technology to play on people’s fears around coronavirus and selling products claiming to prevent or cure the virus.
![Scamwatch COVID-19 thumbnail](/sites/www.scamwatch.gov.au/files/styles/scamwatch_news/public/2020-04/SCAMWATCH-COVID-19_360x272.png?itok=hClu9yey)
Unfortunately, scammers are taking advantage of the spread of coronavirus to exploit and play on the fears of consumers across Australia.
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Scams reported to the ACCC involving identity theft or the loss of personal/banking information have cost Australians at least $16 million this year, and this figure is likely to be just the tip of the iceberg.
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Australians are losing more money to NBN scams, with reported losses in 2019 already higher than the total of last year’s losses.
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Australian businesses reported more than 5800 scams with losses exceeding $7.2 million in 2018, a 53 per cent increase compared to 2017, according to the ACCC’s Targeting scams report.