scams

The regulator ASIC is warning retail (smaller) investors to be cautious when investing in fixed-term products that directly compare themselves to bank term deposits. It is seeing a surge in marketing and advertisements for fixed-term investment products ... More

Investments aren't always what's advertised on the box, the Australian Securities and Investment Commission has warned investors. The regulator has received reports of fixed-income products that are advertised as term deposit alternatives or substitutes ... More

Another week, another raft of government announcements. Here are some of the questions you've been asking this week. You can catch up on last week's Q&A here . 1. Who is eligible for the JobKeeper payments? If you have been stood down or retrenched ... More

The scattergun approach of fraudsters looking to cash in on the early release of unaware Aussie's super has backfired, with one scammer copping an earful from a financial planner he tried to swindle. Fraudsters are posing as agents from superannuation ... More

Identity theft is an increasingly growing problem in Australia. The annual cost is estimated to be around $2.2 billion including government agencies and individuals. A recent report from identity theft and cyber support business IDCare found that consumers ... More

The coronavirus pandemic is continuing to spread. While it's important to protect your health through regular hand washing and social distancing, you should also be vigilant against scams. Widespread anxiety, product shortages and a surge in fake ... More

Financial transactions have come a long way since the days of chequebook and pen. Payments are now made instantly through apps or over the phone. However, convenience comes at a cost. The uninitiated can easily fall victim to scams or, at the other ... More

Identity theft is becoming all too familiar in Australia. Stories of maxed-out credit cards, account takeovers and stolen licence details are increasingly common, yet rarely do we think "this could happen to me". Until it does. Recent Scamwatch figures ... More

From credit card fees to excess data charges, Aussies are forking out millions of dollars each year on easily avoidable rip-offs. While it's easier to take the path of least resistance at times, this is hitting us right where it hurts: the hip pocket. ... More

Scams cost 378,000 Australians an average of $6000 last year, not to mention the emotional distress of being ripped off. The scamming industry is big business in Australia and, not surprisingly, it has attracted organised crime, which is throwing plenty ... More