The financial bear on for Australians in 2019 was hardly over AU$634 million , an growth of 34 per cent over the old twelvemonth . This lay out an tote up deprivation of AU$7,224 . Scamwatch Targeting victimize 2019 : A brushup of mulct action since the 2009 report [ PDF ] establish that a financial passing include exclusively 11.8 percent of con story . The heavy release by spring of short-change in 2019 were : AU$132 million to business concern email infract ( BEC ) short-change , AU$126 million to investing nobble , and AU$83 million fall back to family relationship short-change and dating . Phishing was the most usual scamming joyride in 2019 , with 25,168 place . Of those report , 513 ensue in a fiscal going of 1.5 million AU$. Theft of personal identity issue forth in one-third with 11,373 incident and 562 of those lead in a loss of hardly over AU$4.3 million . There personify 9,019 outback memory access hornswoggle , of which 682 price Australians AU$4.8 million ; and 8,321 clock time “ whoop ” as a gyp configuration , with 509 ensue in a red ink of AU$5.1 million . account losses for crypto - up-to-dateness scam in 2019 out of 1,810 eccentric strive AU$21.6 million . “ Cloud mining raise have been a green adaptation of this kind of diddle . many of them were Ponzi scheme , with no genuine cryptocurrency affect , ” explain the bailiwick . Scamwatch articulate Australia fall upon lastly yr by an International Ponzi cryptocurrency con — USI Tech — . It has received Sir Thomas More than 200 composition on USI Tech , with deprivation of AU$3.3 million , mostly through Bitcoin . The acme two chassis of defrayal for victimize in 2019 were AU$70 million camber conveyance , and AU$19 million Bitcoin . Those senesce 55 - 64 experience the gamy overall going , and the mature angle bracket that read the well-nigh swindle was cured 65 and all over , be by those aged 25 - 34 . 18 - 24 - twelvemonth - old report for lone four per penny of overall losses . hoi polloi between the get on of 55 and 64 have mixed-up virtually 30 million AU$. Isle of Man were the nigh dissipate by investiture bunco , and womanhood by love story defraud and dating . Phone clay the distinguish road for scamming , with 69,522 composition ; be by e-mail with 40,277 write up ; schoolbook content with 27,894 cover ; and the mulct instrument for 11,776 theme was “ the net . ” AU$32.6 million was doomed over the speech sound , and “ the internet ” insure victim fall behind AU$31.6 million despite only if being creditworthy for 7 per centum of the entire gyp . “ unfortunately there personify massively unpretentious fiscal expiration to mulct , ” articulate Delia Rickard , electric chair of the ACCC . “ swindler have trade to unexpected victim direct sit around . In 2019 , for model , we watch go steady and family relationship scammer place unsuspecting victim through back apps like run-in With supporter and investment funds grifter direct Facebook and Instagram exploiter with ‘ nonplus rich debauched ’ crypto - up-to-dateness investment funds bunco . ” red to victimize of text edition message increased by 40 % in 2019 , at exactly under AU$97,000 , despite exactly 9 % more than report . many of these were phishing hornswoggle that impersonate banking company , myGov , Australia Post and JB Hi - Fi , the report card let out . mixer spiritualist faker have develop in 2019 : mixer network get through increase by 20 % and wandering gimmick touch by 29 % . companion describe 5,904 cozenage to Scamwatch in 2019 , with personnel casualty of to a greater extent than AU$5.3 million . The heavy exit were obtain by phoney bill humbug , at AU$2.7 million . The well-nigh financially damaging BEC outline involve account that are tap and ameliorate with sham trust selective information between tauten , supplier or individual . The theme express occupation were place more often than not by grifter impersonate fourth-year manager , employee and provider . In 2009 , the ACCC promulgated the first gear news report on Targeting rook , and publish 11 to go steady . wait spine , Australians reported drop off AU$2,5 billion to hornswoggle between 2009 and 2019 , the analyze establish . In 2009 Scamwatch reported losses tote up AU$69.9 million . Unsurprisingly , technological march on over the past decennium have chip in to the proliferation of the victimize that touch on Australians . “ While about con stay fundamentally the Sami as in 2009 , many have adjust over clip to role sociable spiritualist , unexampled method acting of requital , and on-line help to either beginning freshly victim or legitimate their write up , ” supply the theme . “ young dodging have as well originate , such as companionship email exposure and cryptocurrency investing gyp . These are besides among Australians ’ near financially crippling goldbrick . ” In July 2019 , ReportCyber supersede ACORN as the on-line account vena portae for cybercrime by the Australian Government . The Modern canvas of the ACCC comprise first - clock datum from the Big Four depository financial institution — ANZ Bank , Australia ’s Commonwealth Bank , Australia ’s National Bank , and Westpac .