News
1 April, 2024
Queenslanders Lose $93 Million to Scams in 2023
Queenslanders reported losing more than $93 million to scams last year, with those over 65 experiencing the biggest losses, according to Scamwatch statistics.
Queenslanders reported losing more than $93 million to scams last year, with those over 65 experiencing the biggest losses, according to Scamwatch statistics.
In 2023, Queenslanders over 65 lost nearly $35 million—more than the total amount reported across all age groups in 2020. One woman lost $110,000 after responding to a social media ad for gold mining shares.
The top scams reported by Australians in 2023 included:
Investment scams – $292.6 million lost
Dating and romance scams – $34.3 million lost
False billing scams – $28 million lost
The most reported scam types were phishing, false billing, and online shopping scams.
With rising living costs, the Queensland Government is urging residents—particularly older Queenslanders—to stay vigilant and recognise scams.
How to avoid scams:
Check investment opportunities on the Australian Securities and Investments Commission’s website.
Ignore unsolicited financial advice or investment offers.
Be wary of unknown phone numbers and never share personal details.
Avoid clicking links or opening attachments from unknown senders.
Verify requests for information by contacting organisations directly.
Be cautious of urgent requests for money.
The Office of Fair Trading provides scam awareness talks for community groups. More details are available on the Fair Trading website or by calling 13QGOV (13 74 68).
Scams can be reported to Scamwatch, and anyone who has shared banking details should contact their financial institution immediately.
