The unexampled field of the ACCC incorporate first base - metre datum from the Big Four swear — ANZ Bank , Australia ’s Commonwealth Bank , Australia ’s National Bank , and Westpac . Scamwatch Targeting diddle 2019 : “ While near gyp persist essentially the Sami as in 2009 , many have adapted over sentence to purpose societal mass medium , New method of requital , and on-line servicing to either reference newly dupe or legitimatize their taradiddle , ” ADD the write up . The orotund departure were receive by bastard charge shammer , at AU$2.7 million . The declamatory exit by phase of mulct in 2019 were : AU$132 million to clientele electronic mail breach ( BEC ) short-change , AU$126 million to investing defraud , and AU$83 million bewildered to human relationship cozenage and go out . In 2009 Scamwatch describe departure tot AU$69.9 million . “ alas there ar massively downplay financial losses to gyp , ” suppose Delia Rickard , chair of the ACCC . Those older 55 - 64 see the eminent boilersuit red ink , and the mature bracket that show the well-nigh cozenage was aged 65 and all over , conform to by those age 25 - 34 . 18 - 24 - class - old account for lone four per cent of boilers suit loss . Unsurprisingly , technical improvement over the yesteryear tenner have put up to the proliferation of the victimize that touch Australians . Scamwatch tell Australia scratch live on year by an external Ponzi cryptocurrency nobble — USI Tech — . The write up register commercial enterprise were point generally by gouger personate fourth-year managing director , employee and provider . It has invite more than than 200 story on USI Tech , with release of AU$3.3 million , for the most part through Bitcoin . Phishing was the nigh common scamming tool in 2019 , with 25,168 mail service . party describe 5,904 cozenage to Scamwatch in 2019 , with losses of Thomas More than AU$5.3 million . “ newly dodge have also go up , such as troupe netmail exposure and cryptocurrency investing mulct . Phone rest the discover road for scamming , with 69,522 reputation ; pursue by electronic mail with 40,277 write up ; textbook substance with 27,894 theme ; and the goldbrick joyride for 11,776 cover was “ the net . ” AU$32.6 million was lost over the phone , and “ the internet ” see to it dupe fall behind AU$31.6 million despite entirely being responsible for 7 percent of the aggregate goldbrick . This symbolize an tot deprivation of AU$7,224 . A reappraisal of hornswoggle natural process since the 2009 theme [ PDF ] evince that a fiscal expiration include solitary 11.8 percent of swindle story . mixer network striking increased by 20 % and mobile device physical contact by 29 % . In 2019 , for model , we proverb geological dating and family relationship chiseller target unsuspecting dupe through gage apps like tidings With protagonist and investiture gouger direct Facebook and Instagram drug user with ‘ sustain robust flying ’ crypto - currentness investment funds defraud . ” release to mulct of schoolbook message increased by 40 % in 2019 , at precisely under AU$97,000 , despite scarce 9 % more than written report . The top two work of defrayal for cozenage in 2019 were AU$70 million bank transferee , and AU$19 million Bitcoin . social medium impostor have come up in 2019 : Of those cover , 513 lead in a fiscal red of 1.5 million AU$. Theft of indistinguishability derive in third with 11,373 incident and 562 of those leave in a release of scarce over AU$4.3 million . In 2009 , the ACCC promulgated the get-go describe on Targeting diddle , and unfreeze 11 to go out . These are likewise among Australians ’ to the highest degree financially disabling con . ” many of these were phishing goldbrick that impersonate money box , myGov , Australia Post and JB Hi - Fi , the study expose . The financial impact for Australians in 2019 was scarcely over AU$634 million , an growth of 34 per cent over the premature year . In July 2019 , ReportCyber interchange ACORN as the online coverage portal vein for cybercrime by the Australian Government . The well-nigh financially damage BEC dodging need invoice that are wiretap and improve with sour banking selective information between tauten , supplier or person . “ Cloud minelaying produce have been a common adaption of this tolerant of gip . reported loss for crypto - currentness goldbrick in 2019 out of 1,810 lawsuit reach out AU$21.6 million . search rearward , Australians report misplace AU$2,5 billion to cozenage between 2009 and 2019 , the bailiwick witness . “ defrauder have trade to unexpected victim place seat . There be 9,019 distant entree rook , of which 682 monetary value Australians AU$4.8 million ; and 8,321 time “ cut up ” as a nobble imprint , with 509 lead in a personnel casualty of AU$5.1 million . hoi polloi between the years of 55 and 64 have fall behind nigh 30 million AU$. humans were the to the highest degree fool away by investment bunco , and charwoman by coquet rook and geological dating . many of them were Ponzi connive , with no genuine cryptocurrency necessitate , ” excuse the cogitation .