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Showing 111 - 120 of 192 results for "Scam"

Australians lose record amount to scams

ELIZABETH MCARTHUR  |  TUESDAY, 7 MAY 2019
Older Australians, Indigenous Australians and those with a disability have reported record losses to scams in 2018, including more than $85 million to dodgy investments. Australians in total lost almost half a billion dollars to scams in 2018. However ...

Train staff on privacy risks: OAIC

HARRISON WORLEY  |  MONDAY, 5 NOV 2018
The Office of the Australian Information Commissioner has called for staff training on how to identify and prevent privacy risks, as financial services recorded the second highest number of data breaches in the third quarter of 2018. In its report of ...

Advisers on scam alert

KANIKA SOOD  |  TUESDAY, 24 JUL 2018
... princes, fake letters from the ATO) go around in the past years years but their nature is more of deceitful behavior than a scam. "One common type is an income product that offers returns of 8-10% or significantly higher than the market," Crowe says. ...

Latest investment scam targets Jersey residents

JAMIE WILLIAMSON  |  WEDNESDAY, 7 MAR 2018
Locals on the island of Jersey are being warned against a company claiming to be an Australian investment firm offering unauthorised financial services. The Jersey Financial Services Commission issued a warning regarding Focus on Market, an organisation ...

SMEs lack cybersecurity resilience: ASIC

KARREN VERGARA  |  MONDAY, 4 DEC 2017
Financial services firms are tackling cybersecurity risks seriously but smaller organisations still have a long way to go according to the corporate regulator raising greater awareness on the issue. ASIC's Report 555 shows about three-in-four (74%) ...

FS Live Blog: 2017 AFA National Adviser Conference

MICHELLE BALTAZAR  |  TUESDAY, 10 OCT 2017
Check out this blog to get an hourly update on the latest announcements, session highlights and social media commentary live at the AFA 2017 National Adviser Conference. 10.30pm - AFA caps its annual conference with an awards gala ceremony for the 2017 ...

Education key in combatting elder financial abuse

JAMIE WILLIAMSON  |  TUESDAY, 6 JUN 2017
... expect further increases during the tax time period," Anderson said. "Already this year, the ATO has registered over 17,067 scam reports. Of these, 113 Australians handed over $1.5 million to fraudsters with about 2500 providing some form of personal ...

Medium risk for terrorism funding in financial advice

ALEX BURKE  |  THURSDAY, 22 DEC 2016
... suspected terrorism financing. In the first, a planner reported a client who was either the victim of or complicit in an internet scam, where they intended to transfer money from an overseas bank to an Australian account under the advice of a person ...

Confused and confounded

BENJAMIN ONG  |  MONDAY, 28 SEP 2015
Here we go again, folks. It'll be another week of backwards and forwards betting on that never-ending, world-changing question of the "when" of the Fed lift-off. Earlier this year, it was so easy. Lift-off soon chatters - back then June was the month ...

Trillion dollar super industry attractive to organised criminals

DARREN SNYDER  |  MONDAY, 1 JUN 2015
The Australian Crime Commission believes Stronger Super reforms implemented from 2013 have reduced illegal early release schemes run through self-managed superannuation funds (SMSFs). In its latest report, Organised Crime in Australia 2015, the commission ...