TL;DR: Australia's National Anti-Scam Centre reported combined scam losses of $2.03 billion across 494,732 reports in 2024 — a 25.9% drop in losses from 2023 — with Australians aged 65 and over losing $99.6 million, the most of any age group.
Australia's National Anti-Scam Centre reported combined scam losses of $2.03 billion across 494,732 reports in 2024 — a 25.9% drop in losses from 2023 — with Australians aged 65 and over losing $99.6 million, the most of any age group.
What the Data Shows
The year-over-year drop is real progress from bank and telco intervention, but the report also flags rising losses again from July 2024 onward, and older Australians remain disproportionately targeted relative to their share of the population.
Why This Matters
Numbers like these are a reminder that this isn’t a rare event — it’s a routine risk. Checking whether your own information has already been exposed takes 30 seconds and costs nothing.
If this looks similar to something else you've seen, it's worth reading Identity Theft Statistics in Canada 2026.
This pattern shows up elsewhere too — see Identity Theft Statistics in the UK 2026.
Frequently Asked Questions
What do the numbers actually show?
Australia's National Anti-Scam Centre reported combined scam losses of $2.03 billion across 494,732 reports in 2024 — a 25.9% drop in losses from 2023 — with Australians aged 65 and over losing $99.6 million, the most of any age group.
What does this mean for you?
The year-over-year drop is real progress from bank and telco intervention, but the report also flags rising losses again from July 2024 onward, and older Australians remain disproportionately targeted relative to their share of the population.
Where does this data come from?
This data is drawn from Scamwatch Australia, a primary reporting source for fraud and identity theft data.