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AAP
AAP
Business

FED:Scammers fleece Aussies of almost $250m in three months

Scamwatch

Australians lost almost a quarter of a billion dollars in the first three months of 2026, with online cons driving the largest losses.

Scammers cheated Aussies out of $248.3 million in the period, according to 60,657 reports received by Scamwatch and ReportCyber.

However, the number of scam reports and losses fell by roughly a sixth compared to the same three months in 2025, in a sign that efforts by governments, regulators, industry, and police are working.

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