Australians lost a record $323 million to scams in 2021

Australians lost a record $323 million to scams in 2021 – that’s up a massive 84 per cent from the previous year according to the latest figures from the Australian Competition and Consumer Commission’s Scamwatch.
This is a massive jump from 2020 when Australians lost $175.6 million.
And there were 286,608 reports made to Scamwatch in 2021 that’s up from 216,086 from the previous year.
Investment scams topped the list as the most damaging and cost Australians a record $17