Friends With Money #241: Scam alert - How to keep your cash secure

Hosted By
Published
Share

Hundreds of thousands of Australians lose money to scams each year, but there are simple steps everyone can take to protect their money better.

On this episode of the Friends With Money podcast, Money's Tom Watson is joined by Olivia McArdle, head of payments and deposits at Macquarie Bank, to discuss account safety and scams to watch out for.

01:48 Built-in security features in banking apps

protect-money-from-scams-australia

03:39 Basic phone and computer security tips

05:32 Common financial scams to watch out for

07:45 What to do if you've been scammed

09:54 How banks detect and prevent scams

12:12 Future technology in banking security

14:25 Conclusion and final thoughts

Listen to this episode of Friends With Money

Listen on Apple Podcasts

Listen on Spotify

Watch on YouTube for closed captions

Subscribe to Friends With Money

Subscribe wherever you get your podcasts

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.

Get stories like this in our newsletters.

Related Stories

Tom Watson is a senior journalist at Money magazine, and one of the hosts of the Friends With Money podcast. He's previously worked as a journalist covering everything from property and consumer banking to financial technology. Tom has a Bachelor of Communication (Journalism) from the University of Technology, Sydney. Connect with Tom Watson on LinkedIn.

Olivia McArdle is the head of payments and deposits at Macquarie Bank. She oversees offerings in transaction and savings accounts, cash management accounts, term deposits and payments systems used by households and businesses across Australia. Olivia has more than three decades of experience in banking and tax advisory. She holds a Bachelor of Commerce in Accounting and Law from Western Sydney University and is qualified as a Chartered Accountant. Olivia holds an MBA from AGSM at the UNSW Business School, graduated from the Australian Institute of Company Directors in 2018, and completed the Executive Program in Strategy and Organisation at the Stanford Graduate School of Business in 2019. Connect with Olivia on LinkedIn.