In 2020, Australians reported total losses of AUS $851mn to scams, with AUS$ 128 mn lost to BEC, AUS$ 8.4mn to remote access scams while identity theft cost AUS $3.1mn. Maximum were investment scams worth AU$ 328 mn. A total of 444,164 scam incidents happened in 2020. Bank transfer was the most common payment method costing just over AU$ 97mn, while cryptocurrency was second costing AU$ 26.5mn. People over age 65 lost the most, AU $37.7mn.

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