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Australians lost $2 billion to scams – and are still waiting for new anti-scam measures to take effect
Mohiuddin Ahmed does not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.
Adelaide University provides funding as a member of The Conversation AU.
Australians lost more than A$2 billion to scams in 2025, new figures from the Australian Competition and Consumer Commission (ACCC) show.
This was a 7.8% increase compared to 2024. And it’s in spite of the fact the federal government passed legislation in February 2025 enforcing strict anti-scam obligations on banks, telcos and social media platforms.
Those obligations, however, aren’t yet in force. So what explains the delay? And what can Australians do to protect themselves from scams in the meantime?
'I feel betrayed': New scam figures show Australians lost more than $2 billion
The ACCC has revealed the top five scams and how much they've cost Australians. (ABC News)
Bevan Lisle was enjoying an overseas holiday when he found out he had been scammed out of $50,000.
The Sydney retiree was in disbelief when he was told a junior worker had sold his entire share portfolio and deposited the proceeds into a bank account that wasn't his.
"They got an email purporting to be from me, and they changed my bank account details without any further verification," Mr Lisle said.
Australians lost $2.18 billion to scams in 2025, according to the Australian Competition and Consumer Commission (ACCC).
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