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Credit Cards

$55 million lost to scammers this year… and counting

Australians lost over $55 million to scams in the first two months of 2024 alone, according to data from ACCC ScamWatch, with investment scams accounting for the overwhelming majority of the money lost by victims.

Eden Radford

Eden Radford -

13 Apr, 2024 -

5 min read

Credit Cards

Scam stats: how to stay safe these holidays

Fraud on payment cards is returning to pre-pandemic levels, with authorities and police warning Australians to be vigilant against scammers over the Christmas and New Year holidays.

Mark Bristow

Mark Bristow -

22 Dec, 2023 -

3 min read

Credit Cards

Shoppers warned to stay on track this Black Friday

Shoppers planning to hit the Black Friday sales should create both a list of things they need, and a water-tight budget, to avoid overspending or getting caught up in unnecessary debt.

Eden Radford

Eden Radford -

23 Nov, 2023 -

6 min read

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Home Loans

Cash rate on hold: how to keep your budget in the black until rate cuts eventuate

The RBA has kept the cash rate on hold for the third consecutive meeting, as Australia’s monetary policy settings work to rein in inflation.

Eden Radford

Eden Radford -

19 Mar, 2024 -

5 min read

Home Loans

Watchdog reveals property rental scam

Scammers are trying to steal money from real estate tenants by falsely offering access to for-rent properties that they actually don��_t own.

Nick Bendel

Nick Bendel -

15 Jan, 2018 -

2 min read

Home Loans

Dodgy broker "motivated by greed" sentenced to 5 years' jail

Mr Najam Shah has been sentenced to five-years��_ jail after pleading guilty to one charge of conspiring to defraud financial institutions in Australia's biggest ever home loan scam.

Alex Ritchie

Alex Ritchie -

10 Oct, 2017 -

2 min read

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Bank Accounts

Australian banks unite to stop scammers – how you can protect yourself

Australia’s banking industry is stepping up its war on scams and fraud, launching a new Scam-Safe Accord intended to put scammers out of business in Australia. 

Mark Bristow

Mark Bristow -

24 Nov, 2023 -

3 min read

Bank Accounts

Australians lose almost $500 million to scams in 2018

The ACCC has reported a staggering increase in the amount of money being lost to scammers in 2018, totalling nearly $500 million.

Leigh Stark

Leigh Stark -

29 Apr, 2019 -

6 min read

Bank Accounts

Australians losing millions to romance scams

ANZ has released a warning to watch out for deception this Valentine��_s Day, as Australians are losing millions of dollars to romance scams, with men and Aussies over 55 most likely to be the targets.

Alex Ritchie

Alex Ritchie -

12 Feb, 2018 -

3 min read

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Credit Score

5 ways to protect yourself from fraud

With increased awareness of the threat of cyberattacks, it’s easy to feel concerned about the safety of your personal information. Criminals with access to your details could steal your identity, fraudulently run up debts in your name, and ruin your credit score, making accessing money and credit in the future much harder.

Mark Bristow

Mark Bristow -

21 Oct, 2023 -

5 min read

Credit Score

Almost 1 in 3 Aussies have fallen victim to a financial scam – don’t let that be you this Christmas

Almost a third of Australians have been hit by a financial scam, RateCity.com.au research shows.

Laine Gordon

Laine Gordon -

22 Dec, 2022 -

5 min read

Credit Score

Should you freeze your credit report?

Banks and lenders use your credit scores when deciding whether or not to approve your loan application. Learning your credit score may be the simplest way to identify fraudulent activity and may also encourage you to improve your rating in order to become a more viable candidate for financing.

Peter Terlato

Peter Terlato -

13 Oct, 2023 -

3 min read

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Investment Funds

2017 a good year for scammers, bad year for investors

Australians lost more money to scammers in 2017 than in any other year on record, with investors being hit the hardest of all.

Mark Bristow

Mark Bristow -

21 May, 2018 -

2 min read

Investment Funds

Australians warned about sophisticated' betting scams

The federal government has warned punters ahead of the Melbourne Cup to be wary of betting scams that promise high odds and big returns.

Nick Bendel

Nick Bendel -

07 Nov, 2017 -

2 min read

Investment Funds

Scammers cheating Aussies out of millions

Consumers have been warned about investment scams, with authorities explaining how they tend to originate and how they can be avoided.

Nick Bendel

Nick Bendel -

24 Jul, 2017 -

3 min read

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Savings Accounts

ATO sounds alarm about tax scams

The Australian Taxation Office has warned people to be careful about sharing their personal details, with scammers likely to be active during tax season.

Nick Bendel

Nick Bendel -

05 Jun, 2017 -

2 min read

Savings Accounts

Tax scammers want to steal your savings

The authorities are working with retailers to help prevent a scam in which consumers are cajoled to buy gift cards to pay fake tax debts.

Nick Bendel

Nick Bendel -

12 Oct, 2017 -

3 min read

Savings Accounts

ASIC sounds alarm about market research scam

Australia��_s financial services regulator has warned consumers about a scam that is pretending to recruit people for market research gigs. ASIC said that some cold-callers are claiming to be organising a ��_shadow shopping��_ or ��_mystery shopping��_ project for ASIC _ that is, recruiting people to purchase services such as financial advice to help assess the standards in the market.

Nick Bendel

Nick Bendel -

14 Feb, 2018 -

2 min read

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Cryptocurrency

Regulating Australia’s expanding cryptocurrency market

Intense volatility, reluctant real-world adoption and more has pushed consumer advocates to petition the newly-elected federal government to assess and identify ways to regulate cryptocurrency markets.

Peter Terlato

Peter Terlato -

21 Jul, 2022 -

4 min read

Cryptocurrency

Australia first in the world to review crypto reforms: what this means for your investment

Stakeholder consultations are underway to help establish a regulatory framework for the ever-developing crypto industry. A public consultation paper will be released soon.

Peter Terlato

Peter Terlato -

23 Aug, 2022 -

3 min read

Cryptocurrency

There's an abundance of altcoins. What are they and why are they such risky investments?

Altcoins aim to offer investors a unique store of value or establish some sort of online or real-world application. There is a strong appetite for alternative technology projects but with any cryptocurrency investment there is an inherent risk of failure and collapse. You can mitigate your risks by doing your research and learning more about this growing industry.

Peter Terlato

Peter Terlato -

21 Sep, 2022 -

6 min read

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Superannuation

ATO tips for Aussies considering accessing their super early

If you’re looking to dip into your super for financial support, here are some handy tips that you’ll want to know before you begin your application.

Alex Ritchie

Alex Ritchie -

18 Jul, 2020 -

5 min read

Superannuation

Australia's pension system ranks high but has a hazy future

Australia is a world leader when it comes to the aged pension but that doesn't mean there's not room for improvement. As we live longer and our ageing population continues to rise, experts warn that our first-class pension system will deteriorate under the added strain if changes aren't made.

Jodie Humphries

Jodie Humphries -

24 Nov, 2015 -

3 min read

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