NASC: Targeting Scams Report

The National Anti-Scam Centre’s latest Targeting Scams Report – which combines data from Scamwatch, ReportCyber, the Australian Financial Crimes Exchange, IDCARE and Australian Securities and Investments Commission (ASIC) – has found scam losses reported to key organisations fell by 25.9 per cent to $2b in 2024. 

According to the combined data, scam reports also fell by 17.8 per cent to 494,732 scam reports for 2024 compared to 601,803 in 2023. 

The top five scam types in the combined data were investment, romance, payment redirection, remote access and phishing scams, which jointly accounted for more than 70 per cent of the total combined losses. Investment scams resulted in the highest overall combined losses, with $945m reported lost in 2024.