Scams – what to look out for

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Scams – what to look out for February 6, 2020

Scams – in a break from our finance and property focus, we thought you need to be aware of some nasty scams about.  We’ve mentioned some figures in the pod from a few years ago.  For 2019, we’ve read that projected losses reported to the ACCC and other government agencies will surpass $500m (i.e. more than half a billion dollars)!  And these are only the reported ones…

So, to help you identify and avoid trouble, we’ve discussed a few of the most relevant:

  • The urgent transfer – purportedly from your solicitor/ conveyancer, friend or colleague
  • The tampered ATM – skimming and push notifications
  • The credit card that never came – accessing your post, affecting your credit history
  • Tax refund/ speeding fine – giving away your bank details or downloading malware
  • Free Wi-Fi – granting access to your laptop or phone files, Internet banking, etc.

These are just a few and scammers are being more creative.  Be aware and vigilant, don’t open any unsolicited emails or action any requests unless you are sure of the authenticity, report any suspicious activity to the police and check the ACCC’s Scamwatch site.

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The Long Property Show provides general information only and has been prepared without taking into account your objectives, financial situation or needs. We recommend that you consider whether it is appropriate for your circumstances and your full financial situation will need to be reviewed prior to acceptance of any offer or product. Nothing in the Long Property Show constitutes legal, tax or financial advice and you should always seek professional advice in relation to your individual circumstances.

DANIEL GOLD

Dan runs Long Property and has been recognised by Mortgage Professional Australia as being one of the top 5 mortgage brokers nationally.  Email dan@longproperty.com.au

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