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![](/sites/www.scamwatch.gov.au/files/styles/scamwatch_news/public/Scams_Awareness_Week_360x272.png?itok=JRviIdyH)
Australians are set to lose a record amount to scams in 2019, with projections from losses reported to Scamwatch and other government agencies so far expected to exceed $532 million by the end of the year, surpassing half a billion dollars for the first time.
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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.
![](/sites/www.scamwatch.gov.au/files/styles/scamwatch_news/public/featured/1531-Scamwatch-Targeting-Scams-Report-THM_1.png?itok=zLnq7f6s)
Australians who are older, Indigenous or have disability reported record losses in 2018 according to the ACCC’s annual Targeting Scams report released this week.