A Promising Start as National Anti-Scam Centre Releases its First Report

The NASC launched in July as part of an $86.5 million package to crackdown on scams. It represents the most cohesive partnership between government and industry to date to protect against these criminals.
While scam losses are still significant, the report shows a 16% decrease in losses compared to the same quarter last year. It also reveals that losses from investment scams have declined by 6%, and romance scam losses have declined by 28%.
The quarter ended with reported scam losses of $29.8 million in September 2023, the lowest losses reported in a single month since October 2021.
Read More A Promising Start as National Anti-Scam Centre Releases its First Report