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![Woman with credit card looks at computer screen sadly](/sites/www.scamwatch.gov.au/files/styles/scamwatch_news/public/2023-04/woman-credit-card-fraud-scam.jpg?itok=Bormiqzw)
The latest Targeting Scams report has revealed Australians lost a record $3.1 billion to scams in 2022, as government, law enforcement and the private sector look to improve collaborative efforts to support the community in the fight against scams.
![Valentine scams Line of love hearts with a broken love heart in the middle](/sites/www.scamwatch.gov.au/files/styles/scamwatch_news/public/2022-02/valentine-scam.jpg?itok=Rychk8xO)
It can play a vital role in protecting the people you care about from the heartache caused by romance and dating scams.
![Image of elderly couple using laptop and phone](/sites/www.scamwatch.gov.au/files/styles/scamwatch_news/public/online-shopping2-800x400.jpg?itok=mH1-nVnI)
Losses to imposter bond investment scams have nearly tripled in the first half of this year with consumers losing over $20 million to these sophisticated scams.
![Investment scams thumbnail](/sites/www.scamwatch.gov.au/files/styles/scamwatch_news/public/type-of-scam-images/investment-scams-thumb.jpg?itok=hFNGNdK_)
Australians lost over $205 million to scams between 1 January and 1 May, a 166 per cent increase compared to the same period last year, according to new data from Scamwatch.
![Unusual payment scam victims](/sites/www.scamwatch.gov.au/files/styles/scamwatch_news/public/unusual-payment-scam-800x400.jpg?itok=wqElZhRL)
Scamwatch is warning people to be aware of uninvited offers of help to recover money for an up-front payment, following a spike in reports of money recovery scams.
![Valentine scams Line of love hearts with a broken love heart in the middle](/sites/www.scamwatch.gov.au/files/styles/scamwatch_news/public/2022-02/valentine-scam.jpg?itok=Rychk8xO)
Scamwatch is urging people to watch out for dating and romance scams after Australians reported losing a record $56 million last year, an increase of 44 per cent.
![Investment scams thumbnail](/sites/www.scamwatch.gov.au/files/styles/scamwatch_news/public/type-of-scam-images/investment-scams-thumb.jpg?itok=hFNGNdK_)
Investment scams reported to Scamwatch have cost Australians over $70 million in the first half of this year, more than the total losses reported to Scamwatch for all of 2020, and projected losses are set to reach $140 million by the end of the year.
![](/sites/www.scamwatch.gov.au/files/styles/scamwatch_news/public/featured/1531-Scamwatch-Targeting-Scams-Report-THM_1.png?itok=zLnq7f6s)
Last year scammers stole close to $34 million collectively from people who identified as culturally and linguistically diverse (CALD), people with disability, and Indigenous Australians.
![](/sites/www.scamwatch.gov.au/files/styles/scamwatch_news/public/featured/1531-Scamwatch-Targeting-Scams-Report-THM_1.png?itok=zLnq7f6s)
Australians lost over $851 million to scams in 2020, a record amount, as scammers took advantage of the pandemic to con unsuspecting people, according to the ACCC’s latest Targeting Scams report released today.
![](/sites/www.scamwatch.gov.au/files/styles/scamwatch_news/public/featured/Dating%20romance%20thm.jpg?itok=dpBm_VS0)
Australians reported a record-breaking $37 million lost to Scamwatch last year for dating and romance scams. Total losses are expected to be much higher and scammers are now using dating apps to lure victims into investment scams.