Home Scam/Fraud Phone scams are ‘exploding’ and costing vulnerable Australians millions, new data shows

Phone scams are ‘exploding’ and costing vulnerable Australians millions, new data shows

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If you have received more than the usual amount of suspicious calls or text messages this year, you’re not alone.

Phone-based scams are “exploding” and costing vulnerable Australians millions of dollars each year, according to new data from the Australian Competition and Consumer Commission.

In 2021, phone scams have also led to a sharp increase in financial losses for Indigenous Australians.

How much money are Australians losing to phone scams?

Australians have lost $63.6 million to scams involving unsolicited calls or text messages so far this year, according to the ACCC’s Scamwatch program.

That’s 30 per cent of the $211 million Australians have lost to all scams so far in 2021, compared with phone…

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