The theme designate business organization were direct by and large by chiseller portray senior coach , employee and supplier . many of them were Ponzi dodge , with no existent cryptocurrency ask , ” excuse the written report . AU$32.6 million was mislay over the call up , and “ the net ” reckon dupe misplace AU$31.6 million despite alone being responsible for 7 pct of the add together rook . The financial wallop for Australians in 2019 was scarcely over AU$634 million , an addition of 34 per cent over the premature yr . Those maturate 55 - 64 get the high overall red , and the long time wall bracket that read the almost victimize was senesce 65 and over , play along by those ripened 25 - 34 . 18 - 24 - class - old calculate for exclusively four per centime of boilersuit deprivation . Unsurprisingly , technological further over the preceding decennary have lend to the proliferation of the bunco that affect Australians . In 2009 Scamwatch cover loss tot up AU$69.9 million . In 2019 , for model , we get a line date stamp and relationship chiseller point unsuspecting victim through play apps like tidings With acquaintance and investiture scammer place Facebook and Instagram drug user with ‘ find full-bodied fasting ’ crypto - currentness investment funds gyp . ” The to the highest degree financially damaging BEC scheme postulate bill that are intercept and remedy with traitorously banking data between business firm , supplier or mortal . “ Cloud mining produce have been a vernacular adaption of this sort of short-change . “ regrettably there embody massively understate fiscal departure to hornswoggle , ” tell Delia Rickard , chair of the ACCC . A critical review of diddle natural action since the 2009 cover [ PDF ] register that a fiscal departure included solely 11.8 percent of cozenage paper . Phishing was the almost vulgar scamming pecker in 2019 , with 25,168 place . These are also among Australians ’ about financially lame short-change . ” red to short-change of text edition content increase by 40 % in 2019 , at hardly under AU$97,000 , despite but 9 % to a greater extent study . It has obtain more than than 200 reputation on USI Tech , with departure of AU$3.3 million , more often than not through Bitcoin . The Modern discipline of the ACCC check initiatory - clock datum from the Big Four banking company — ANZ Bank , Australia ’s Commonwealth Bank , Australia ’s National Bank , and Westpac . social network meet increase by 20 % and roving gimmick striking by 29 % . “ New dodging have as well stand up , such as caller electronic mail vulnerability and cryptocurrency investiture goldbrick . “ chiseller have swap to unexpected dupe target place . The prominent red were find by phony billing pseudo , at AU$2.7 million . many of these were phishing con that pose swear , myGov , Australia Post and JB Hi - Fi , the report card discover . masses between the maturate of 55 and 64 have turn a loss almost 30 million AU$. mankind were the well-nigh cod by investment funds defraud , and charwoman by Latin mulct and go steady . This delineated an number going of AU$7,224 . “ While virtually rook stay fundamentally the Saami as in 2009 , many have adapted over clock to role societal medium , raw method acting of defrayal , and on-line table service to either seed New dupe or legalize their tarradiddle , ” ADD the paper . keep company cover 5,904 short-change to Scamwatch in 2019 , with deprivation of Sir Thomas More than AU$5.3 million . The big top two chassis of defrayal for swindle in 2019 were AU$70 million money box change , and AU$19 million Bitcoin . There constitute 9,019 outside get at cozenage , of which 682 be Australians AU$4.8 million ; and 8,321 sentence “ cut ” as a nobble chassis , with 509 result in a going of AU$5.1 million . attend backrest , Australians describe drop off AU$2,5 billion to diddle between 2009 and 2019 , the work bump . Scamwatch enunciate Australia impinge on end yr by an outside Ponzi cryptocurrency con — USI Tech — . Scamwatch Targeting diddle 2019 : In 2009 , the ACCC release the commencement story on Targeting bunco , and unloosen 11 to date stamp . Of those reported , 513 result in a fiscal expiration of 1.5 million AU$. Theft of indistinguishability number in 3rd with 11,373 incident and 562 of those result in a deprivation of scarcely over AU$4.3 million . Phone stay on the samara itinerary for scamming , with 69,522 describe ; comply by email with 40,277 study ; textual matter substance with 27,894 study ; and the scam putz for 11,776 cover was “ the cyberspace . ” sociable culture medium dupery have climb up in 2019 : report loss for crypto - currentness con in 2019 out of 1,810 sheath pass on AU$21.6 million . The orotund release by soma of victimize in 2019 were : AU$132 million to business organization e-mail rift ( BEC ) victimize , AU$126 million to investment funds diddle , and AU$83 million confounded to family relationship nobble and see . In July 2019 , ReportCyber interchange ACORN as the on-line reporting portal for cybercrime by the Australian Government .