Policy & Ethicsinvestment scamspayment redirectionconfirmation of payeeconsumer protection
ACCC Reveals Australians' $2.18 Billion Scam Losses
8.2
The Australian Competition and Consumer Commission reports Australians lost $2.18 billion to scams in 2025, with investment scams accounting for $837.7 million. The figures accompany a high-profile mid-January case in which Sydney retiree Bevan Lisle lost $50,000 after a broker allegedly paid proceeds to a fraudulent account. The government passed new scam laws last February, but mandatory sector codes remain unimplemented.
Key Points
- 1Reports show Australians lost $2.18 billion to scams in 2025, investment scams $837.7 million.
- 2ACCC warns scammers use AI and organised 'scam compounds,' increasing sophistication and regulatory challenge.
- 3Practitioners should adopt payee-confirmation and phone-verification practices to prevent share-sale and payment-redirection fraud.
Scoring Rationale
Official ACCC statistics and a detailed victim case drive high relevance; limited novelty beyond an annual update.
Sources
Public references used for this report.
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