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Credit Card Fraud Statistics

Last updated

Pauline Hatch      

Ever wondered how prevalent credit card fraud really is in Australia? Or which age groups are most at risk? To get to the bottom of these questions, we’ve gone straight to the source: the Australian Bureau of Statistics (ABS).

The ABS provides a wealth of data on fraud victimisation, but it can be hard to understand the story behind the numbers. So let’s dissect their latest release: from state-by-state comparisons to the impact on different demographics, we’ll reveal the hard numbers behind credit card fraud. The best thing is all this data is backed by the authority of the ABS.

On first thought, it’s easy to assume that credit card fraud affects everyone equally. The ABS data suggests that’s not necessarily the case. When we examine the numbers by gender, we start to see some interesting differences. Males are sitting at 7.8% of the population, with females at 9.5%. But what do these percentages mean in number form? Let’s take a closer look.

🚨 Card Fraud Experience 💳
Experienced Fraud 😭
Gender Count
Males ♂️ 799,000
Females ♀️ 1,005,700
Total 📊 1,807,200
Did Not Experience Fraud 👍
Gender Count
Males ♂️ 9,428,200
Females ♀️ 9,615,200
Total 📊 19,040,700

When we look at those slices of the pie, there’s a very close gap. It paints the slight difference in the percentage breakdown of male and female victims.

pie chart of male vs female fraud

Beyond the gender breakdown the ABS data also provides valuable insights into how card fraud victimisation varies across different Australian states. One key observation when looking at the state data is the strong correlation between population and reported card fraud incidents. The numbers scale with population which means larger states report more cases. Either way, there are still some interesting variations to explore.

🚨 Reported vs. Experienced Fraud (Australia) 🇦🇺
Region Reported Fraud Experienced Fraud All Persons
New South Wales 566,100 577,300 6,567,100
Victoria 476,600 486,500 5,389,800
Queensland 372,400 384,800 4,241,000
South Australia 108,900 110,900 1,477,500
Western Australia 150,900 161,000 2,211,400
Tasmania 34,300 35,200 466,300
Northern Territory 12,800 13,400 149,500
Australian Capital Territory 37,700 37,900 357,900
Australia 1,764,000 1,807,200 20,860,100

The ABS data also allows us to follow the rising trend of credit card fraud over the last few years. The following graphs focuses on the time span from 2014-15 to 2022-23. We can see how the number of reported incidents has changed across Australia’s states and territories. Several economic and social factors could explain the upward trend in credit card fraud. The increase in online shopping accelerated by COVID-19 may have presented more opportunities for fraud. It’s interesting to note that Western Australia saw a decline in scams, which is refreshing to see!

Bad actors are also employing advanced techniques such as AI-powered phishing and “deepfake” scams blurring the reality between scam and reality. These are making it much harder for consumers and financial institutions to detect and prevent fraud. This increased sophistication likely plays a significant role in the growth in reported incidents.


To further illustrate the regional variations in credit card fraud, we created this interactive map of Australia. By hovering your mouse over each state or territory (or tapping the state), you can see the specific victimisation rate. You’ll be able to see a quick and visual way to compare the impact of fraud across the country. The darker the shade of red, the higher the victimisation rate.


Beyond regional differences, the ABS data also reveals significant variations in card fraud victimisation across different age groups. The data suggests that individuals in the 35-54 age range are particularly targeted by credit card fraud. This could be due to their higher online activity, greater financial assets, and susceptibility to sophisticated phishing and identity theft schemes. The 65+ demographic has a lower victimisation rate then the middle age groups, and this may be due to reluctance to report scams.

Experienced Card Fraud (Last 12 Months)
Age Range (years) All Persons Victimisation Rate (%)
15—24 122,200 3.9
25—34 312,700 8.5
35—44 386,400 10.8
45—54 372,000 11.5
55—64 299,600 10
65 and over 307,500 7.2

As we’ve seen the data from the ABS provides a pretty sobering snapshot of the current landscape. It clearly highlights the need for continuous adaptation and improvement in fraud prevention strategies. The data reveals variations across gender, region, and age. These overall numbers are concerning, but understanding these trends is the first step towards prevention. If you’d like to learn more on how to protect yourself online, you can read my guide to credit card identity theft protection.

Source: ABS Personal Fraud Statistics

Pauline

Pauline Hatch

Pauline is a personal finance expert at CreditCard.com.au, with 9 years in money, budgeting and property reporting under her belt. Pauline is passionate about seeing Aussies win by making their money – and their credit cards – work smarter, harder and bigger.

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