Australia Sees $119 Million Lost to Scams in Early 2025, Despite Fewer Reports

The latest data from the National Anti-Scam Centre and Scamwatchsuggests that while Australians are reporting fewer scams, each case is proving more financially damaging.

Investment Scams Still on Top

Investment fraud remains the most financially devastating category, accounting for over $59 million, or more than half of total losses. These scams typically involve false promises of high returns with minimal risk—an approach that continues to lure victims despite growing awareness campaigns.

Although investment scam losses were down slightly by 1.4% compared to the same period last year, the sheer volume of money lost shows that this type of fraud remains a persistent and costly threat.

Phishing and Social Media Scams on the Rise

Phishing attacks—where scammers pose as banks, government agencies, or well-known businesses—have seen a dramatic surge. Reported losses from phishing scams almost tripled, climbing from $4.6 million in early 2024 to $13.7 million in 2025. These scams often begin with deceptive emails or text messages designed to extract sensitive personal information.

Social media has also become a major hunting ground for fraudsters. Reports of scams via platforms like Facebook and Instagram rose by nearly 50%, with total losses in this category reaching $23.4 million. Fraudulent investment ads and impersonation schemes are among the most common tactics used.

Phone Scams Decline, But Damage Persists

Phone scams saw a modest drop in frequency—down 11%—but still caused $25.8 million in losses, making them the most damaging method of contact overall. While this decline suggests growing public caution, phone-based fraud remains a major source of financial harm.

Seniors Hit Hardest

Australians aged 65 and older suffered the most significant losses, totaling $33.1 million. Meanwhile, individuals aged 25 to 44 reported the highest number of incidents, suggesting younger users may be more willing to report while older victims face deeper financial impact.

Despite an overall decline in scam reports, the increase in financial loss per case signals a troubling trend. Scammers are evolving, using more convincing tactics and targeting victims across digital channels.