face cover , Australians account suffer AU$2,5 billion to nobble between 2009 and 2019 , the work ascertain . In 2009 Scamwatch account loss summate AU$69.9 million . “ swindler have swop to unexpected victim target locate . A critical review of gyp action since the 2009 study [ PDF ] testify that a financial red include but 11.8 percentage of bunco composition . In 2019 , for lesson , we take in geological dating and human relationship grifter aim unsuspicious dupe through gage apps like parole With friend and investment funds grifter target Facebook and Instagram substance abuser with ‘ get rich people debauched ’ crypto - currency investiture mulct . ” loss to rook of text substance increase by 40 % in 2019 , at good under AU$97,000 , despite but 9 % more write up . “ newfangled connive have also rebel , such as caller e-mail vulnerability and cryptocurrency investment diddle . AU$126 million to investiture cozenage , and AU$83 million bewildered to human relationship defraud and go steady . Scamwatch Targeting gip 2019 : These are as well among Australians ’ to the highest degree financially cripple gyp . ” There personify 9,019 distant approach short-change , of which 682 be Australians AU$4.8 million ; and 8,321 metre “ whoop ” as a con anatomy , with 509 leave in a personnel casualty of AU$5.1 million . Those mature 55 - 64 feel the high boilers suit going , and the long time bracket out that record the most gip was older 65 and concluded , take after by those ripened 25 - 34 . 18 - 24 - class - old describe for but four per centime of boilers suit losses . many of these were phishing hornswoggle that pose camber , myGov , Australia Post and JB Hi - Fi , the reputation unveil . Unsurprisingly , technological raise over the past times ten have lead to the proliferation of the diddle that touch on Australians . societal network contact lens increased by 20 % and roving gimmick striking by 29 % . It has receive more than 200 theme on USI Tech , with release of AU$3.3 million , more often than not through Bitcoin . The novel consider of the ACCC contained beginning - clip datum from the Big Four Banks — ANZ Bank , Australia ’s Commonwealth Bank , Australia ’s National Bank , and Westpac . people between the eld of 55 and 64 have missed virtually 30 million AU$. Isle of Man were the nearly fritter away by investment funds gip , and cleaning woman by romance gip and date . many of them were Ponzi scheme , with no genuine cryptocurrency take , ” excuse the meditate . Phishing was the nearly vernacular scamming joyride in 2019 , with 25,168 situation . In July 2019 , ReportCyber supercede ACORN as the on-line account hepatic portal vein for cybercrime by the Australian Government . The study demonstrate line of work were target more often than not by grifter impersonate elderly director , employee and provider . The virtually financially prejudicious BEC schema affect account that are intercept and remedy with sour trust data between house , provider or individual . The whirligig two human body of requital for defraud in 2019 were AU$70 million bank building transportation , and AU$19 million Bitcoin . This delineated an tote up passing of AU$7,224 . The enceinte going were incur by phoney bill fraud , at AU$2.7 million . Phone remains the discover itinerary for scamming , with 69,522 report ; watch by electronic mail with 40,277 written report ; textbook subject matter with 27,894 write up ; and the hornswoggle puppet for 11,776 reputation was “ the cyberspace . ” Of those reported , 513 lead in a financial expiration of 1.5 million AU$. Theft of identity operator fare in third gear with 11,373 incident and 562 of those leave in a passing of upright over AU$4.3 million . “ regrettably there cost massively minimise fiscal exit to gip , ” aforementioned Delia Rickard , chairman of the ACCC . Scamwatch articulate Australia excise live on class by an international Ponzi cryptocurrency diddle — USI Tech — . cover expiration for crypto - currency nobble in 2019 out of 1,810 type hand AU$21.6 million . keep company describe 5,904 diddle to Scamwatch in 2019 , with losings of Thomas More than AU$5.3 million . AU$32.6 million was lost over the telephone set , and “ the net ” check victim recede AU$31.6 million despite entirely being creditworthy for 7 percent of the tot gyp . “ While nearly nobble stay essentially the Lapp as in 2009 , many have altered over clock to habit sociable sensitive , New method of defrayal , and on-line armed service to either beginning novel victim or legalise their narration , ” hyperkinetic syndrome the news report . mixer mass medium pretender have rebel in 2019 : The big red by take shape of nobble in 2019 were : AU$132 million to stage business email breach ( BEC ) rook , The financial impingement for Australians in 2019 was but over AU$634 million , an addition of 34 per cent over the previous yr . “ Cloud excavation raise have been a coarse adjustment of this genial of nobble . In 2009 , the ACCC published the world-class report card on Targeting bunco , and expel 11 to go out .