301,778 scams were reported over the last 12 months to December 2023
Fewer than 3% of scams reported to Scamwatch were investment scams – yet at $292 million, they accounted for 61% of all reported losses.
Related Insights
Agribusiness
Lending to agribusiness
Bank lending to agribusiness has risen to a record $104.7b as at September 2022.
Agribusiness
Top 20 agri, by turnover
Australian agriculture sectors, ranked by turnover, June 2021.
Scams
Scams: the growing problem
37% of Australians know a close friend or family member who’ve lost money to a scam.