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Australians reported a record $211 million in losses to scams so far this year, an 89 per cent increase compared to the same period last year, according to new data from Scamwatch.
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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.
![](/sites/www.scamwatch.gov.au/files/styles/scamwatch_news/public/featured/1531-Scamwatch-Targeting-Scams-Report-THM_1.png?itok=zLnq7f6s)
Australians lost over $634 million to scams in 2019, according to the latest figures in the ACCC’s Targeting Scams report released today.
![](/sites/www.scamwatch.gov.au/files/styles/scamwatch_news/public/featured/news.png?itok=b3yri06d)
Scammers often use the names of non-existent realistic sounding institutions like “the Federal Bank of South Africa” or “the European Consumer Protection Bureau”.