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Credit Cards
$55 million lost to scammers this year… and countingAustralians 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 -
13 Apr, 2024 -
5 min read
Credit Cards
Scam stats: how to stay safe these holidaysFraud 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 -
22 Dec, 2023 -
3 min read
Credit Cards
Shoppers warned to stay on track this Black FridayShoppers 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 -
23 Nov, 2023 -
6 min read
Home Loans
Cash rate on hold: how to keep your budget in the black until rate cuts eventuateThe 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 -
19 Mar, 2024 -
5 min read
Home Loans
Watchdog reveals property rental scamScammers 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 -
15 Jan, 2018 -
2 min read
Home Loans
Dodgy broker "motivated by greed" sentenced to 5 years' jailMr 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 -
10 Oct, 2017 -
2 min read
Bank Accounts
Australian banks unite to stop scammers – how you can protect yourselfAustralia’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 -
24 Nov, 2023 -
3 min read
Bank Accounts
Australians lose almost $500 million to scams in 2018The ACCC has reported a staggering increase in the amount of money being lost to scammers in 2018, totalling nearly $500 million.
Leigh Stark -
29 Apr, 2019 -
6 min read
Bank Accounts
Australians losing millions to romance scamsANZ 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 -
12 Feb, 2018 -
3 min read
Credit Score
5 ways to protect yourself from fraudWith 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 -
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 ChristmasAlmost a third of Australians have been hit by a financial scam, RateCity.com.au research shows.
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 -
13 Oct, 2023 -
3 min read
Investment Funds
2017 a good year for scammers, bad year for investorsAustralians lost more money to scammers in 2017 than in any other year on record, with investors being hit the hardest of all.
Mark Bristow -
21 May, 2018 -
2 min read
Investment Funds
Australians warned about sophisticated' betting scamsThe 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 -
07 Nov, 2017 -
2 min read
Investment Funds
Scammers cheating Aussies out of millionsConsumers have been warned about investment scams, with authorities explaining how they tend to originate and how they can be avoided.
Nick Bendel -
24 Jul, 2017 -
3 min read
Savings Accounts
ATO sounds alarm about tax scamsThe 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 -
05 Jun, 2017 -
2 min read
Savings Accounts
Tax scammers want to steal your savingsThe 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 -
12 Oct, 2017 -
3 min read
Savings Accounts
ASIC sounds alarm about market research scamAustralia��_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 -
14 Feb, 2018 -
2 min read
Cryptocurrency
Regulating Australia’s expanding cryptocurrency marketIntense 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 -
21 Jul, 2022 -
4 min read
Cryptocurrency
Australia first in the world to review crypto reforms: what this means for your investmentStakeholder 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 -
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 -
21 Sep, 2022 -
6 min read
Superannuation
ATO tips for Aussies considering accessing their super earlyIf 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 -
18 Jul, 2020 -
5 min read
Superannuation
Australia's pension system ranks high but has a hazy futureAustralia 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 -
24 Nov, 2015 -
3 min read