Flourish Health & Wellbeing eMag - Latest Edition - Flipbook - Page 63
the biggest loss category,
$3.1 billion peak recorded
costing US consumers
in 2022.
US$5.7 billion.
Why AI makes scams harder
to spot
AI has not changed the
The largest Australian
basic psychology of scams.
Australia is far from
losses came from
Criminals still rely on
immune. In 2025,
investment scams, which
urgency, fear, greed, trust,
Australians made 481,523
cost $837.7 million in
loneliness and confusion.
scam reports across
2025. Payment redirection
What AI has changed is the
Scamwatch, ReportCyber,
scams followed at $166.8
quality, speed and scale of
IDCARE, the Australian
million, romance scams
the deception.
Financial Crimes
at $139.9 million, phishing
Exchange and ASIC. Of
scams at $97.6 million and
A fake investment
those, 274,577 involved
remote access scams at
scheme can now have
昀椀nancial loss, with
$69.9 million. Together,
a slick brand identity, a
reported losses totalling
the top 昀椀ve scam
professional website, a
$2.18 billion. That was a 7.8
categories accounted
chatbot, fake customer
per cent increase on 2024,
for 60 per cent of total
reviews, AI generated
although still below the
reported losses.
videos and a convincing
