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![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.
![](/sites/www.scamwatch.gov.au/files/styles/scamwatch_news/public/related-article/Scam33_0.jpg?itok=5791e9aY)
The financial and emotional devastation caused by scams every year in Australia can be reduced if government, consumer groups and the private sector work together.
![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.
![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.