Friends With Money #104: Protect yourself from scams

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Scammers fleeced a record $3 billion from Australians last year. Highly-sophisticated and brazen scammers are out to steal your hard-earned cash, and many victims have been left penniless.

This week on the Friends With Money podcast, Money's Michelle Baltazar speaks with Catriona Lowe, deputy commissioner of the ACCC, about the worrying rise of online scams and how you can protect yourself.

  • What are the top current scams?
  • What should you watch out for?
  • What to do if you are scammed
  • Can you get your money back?

friends with money podcast protect yourself from scams catriona lowe accc

Visit the ACCC Scamwatch website for more.

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Friends With Money podcast FAQ

What is the Friends With Money podcast?

Friends With Money is a weekly personal finance podcast by Money magazine, offering expert insights on investing, budgeting, superannuation, property, and other money strategies for everyday Australians.

Where can I listen to the podcast?

You can listen on Apple Podcasts, Spotify, or YouTube (with closed captions available).

Who hosts Friends With Money?

Episodes are hosted by Vanessa Walker and Tom Watson from Money magazine, featuring expert guests and real conversations about money.

Is the podcast suitable for beginners?

Yes! It's designed to be accessible for beginners while still offering valuable insights for seasoned investors.

What topics does the podcast cover?

The Friends With Money podcast covers topics including banking, property, budgeting, superannuation, investing, saving, insurance, employment, travel and more.

How often are new episodes released?

New episodes are released weekly, so you can stay up to date with the latest financial tips and trends.

Can I watch episodes with captions?

Yes, full episodes with closed captions are available on YouTube.

Why subscribe to the Friends With Money podcast?

Boost your financial literacy anytime, anywhere with the Friends With Money podcast from Money magazine. Whether you're commuting, working out, or relaxing at home, this weekly podcast makes it easy to grow your money knowledge on the go.

Each episode dives into real conversations about money - how it's earned, shared, saved, and grown - with tips and insights that make finance simple and relatable. Perfect for beginners and seasoned investors alike, it's your go-to guide for building better financial habits.

Subscribe to the Friends With Money podcast today and start learning when it suits you.

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Michelle Baltazar is editor-in-chief of Money magazine and an award-winning journalist, editor and publisher. She has worked at BRW, Shares Magazine (London) and industry newspaper Financial Standard, and has written about superannuation, wealth management, investment technology and financial advice. Connect with Michelle Baltazar on LinkedIn.

Catriona Lowe is an ACCC deputy chair. She chairs the ACCC's Compliance and Product Safety Committee and sits on numerous ACCC committees and boards. For more than 20 years Catriona has had a strong commitment to consumer issues and protection of consumer rights in her varied roles as a regulator, litigator and consumer advocate. She has a Bachelor of Laws from Northern Territory University (now Charles Darwin University). Connect with Catriona Lowe LinkedIn.