The latest figure is the highest total monthly amount lost to scams on Scamwatch’s public record and is over double the $14.6 million reported in April.
It’s also 150 per cent higher than the same time last year.
Here’s how the scammers are targeting Aussies, and how we can avoid it.
Top types of scams reported in May 2021
Phishing scams yet again prevailed as the most frequently reported scam with 4,365 reports in May, up 84 per cent compared to May last year.
The total amount of money lost to phishing scams also increased by more than 500 per cent in May, amounting to more than $1.4 million.
The number of reports relating to threats to life and arrest rose by 72 per cent from April while online shopping scams also entered the top five.
In terms of the most money lost, investment scams continue…