Rise in Scam Losses in 2025
In 2025, Australians reported financial losses amounting to $2.18 billion due to scams, according to the National Anti-Scam Centre, a consumer watchdog. This represents an increase of 7.8% compared to the previous year. Despite this rise, there has been a significant drop in scam-related losses since the peak of $3.1 billion recorded in 2022, with a decline of 29.7%.
The data highlights the ongoing challenge of combating scams in Australia. A total of 481,523 reports were submitted to various authorities, including Scamwatch, ReportCyber, the Australian Financial Crimes Exchange, IDCARE, and corporate watchdog ASIC. Out of these reports, 274,577 were flagged as involving financial losses.
Top Scam Types by Financial Impact
Five specific types of scams accounted for the largest share of the reported losses. These include:
- Investment scams: Resulted in $837.7 million in losses
- Payment re-direction scams: Caused $166.8 million in losses
- Romance scams: Led to $139.9 million in losses
- Phishing scams: Resulted in $97.6 million in losses
- Remote access scams: Caused $69.9 million in losses
Together, these five scam types accounted for 60% of the total financial losses reported in 2025.
Global Efforts to Combat Fraud
Australia, along with other G7 nations, has taken steps to address the growing threat of fraud. At the United Nations and Interpol Global Fraud Summit, a Call to Action to Combat Fraud was endorsed. This initiative aims to strengthen international efforts against scams.
In addition, over 100 organizations have supported a Public Private Partnership Framework. This framework is designed to enhance global cooperation and improve the response to fraudulent activities.
Expert Insights on Scams
ACCC Deputy Chair Catriona Lowe highlighted the complexity of scams, describing them as a “wicked problem” due to their fast-evolving nature and resistance to simple solutions. She emphasized the importance of collaboration and shared accountability in addressing the harm caused by scams.
“The Targeting Scams Report provides an overview of the scam landscape and highlights the collaboration and shared accountability needed to tackle the harm caused by scams both here in Australia and globally,” she said.
This report underscores the need for continued efforts from both the public and private sectors to combat the increasing sophistication of scams. As technology evolves, so too do the methods used by scammers, making it essential for individuals and organizations to remain vigilant and informed.
