‘Every one of those dollars is a personal crisis’: Australians lose $2.7 billion to scams

Australians lost a combined $2.7 billion to scams in 2023 which is down from $3.15 billion in 2022. A report from the ACCC showed more than 600,000 reports being made as the dollar figure declined for the first time in seven years. “Obviously delighted that the losses have come down, they were doubling every year,” Assistant Treasurer Stephen Jones told Sky News Australia. “But $2.7 billion – every one of those dollars is a personal crisis. “A dollar that couldn’t have afford to have been lost.”