The Australian Competition and Consumer Commission (ACCC) produce an annual report, usually released in mid May, on scam activity from the data they collect.
This report produced annually explains key trends in scam activity and highlights the impact of scams on the community.
It highlights the cooperative work of the ACCC, other regulators and law enforcement agencies to disrupt scams and educate consumers.
The Department of Mines, Industry Regulation and Safety's WA ScamNet's reviews are also available.
Australians lost more money to scammers in 2017 than in any other year since the ACCC began reporting on scam activity.
According to the ACCC’s Targeting scams report for 2017, more than 200,000 scam reports were submitted to the ACCC, Australian Cybercrime Online Reporting Network (ACORN) and other federal and state-based government agencies in 2017. Total losses reported were $340 million – a $40 million increase compared to 2016.
This is the first time reported losses to scams have totalled more than $300 million and demonstrates the increasing impact of scams on Australians. Investment scams topped the losses at $64 million, an increase of more than 8 per cent. Dating and romance scams caused the second greatest losses at $42 million.
Read the full Targeting scams:report of the ACCC on scam activity 2017.
In 2016, the ACCC and the Australian Cybercrime Online Reporting Network (ACORN) received a combined 200 103 reports about scams. Losses reported to Scamwatch, ACORN and from other scam disruption programs totalled almost $300 million. This figure is by no means conclusive of the total cost of scams as many victims do not report their experiences—in fact in April 2016 the Australian Bureau of Statistics published results of its Personal Fraud survey, which estimated the total amount lost to personal fraud to be closer to $3 billion. These figures are staggering and serve as a pointed reminder of how damaging scams are on our society.
Read the full Targeting scams:report of the ACCC on scam activity 2016.
- Targeting scams: report of the ACCC on scam activity 2015
- Targeting scams: report of the ACCC on scam activity 2014
- Targeting scams: report of the ACCC on scam activity 2013
- Targeting scams: report of the ACCC on scam activity 2012
- Targeting scams: report on scam activity 2011
- Targeting scams: report on scam activity 2010
- Targeting scams: report on scam activity 2009
Current and previous year's reports, including various accessible versions, are available from the ACCC website.