Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 41 - 50 of 151 results for "Scams"

FSC releases new standard on scam mitigation

ELIZA BAVIN  |  MONDAY, 1 JUL 2024
... protect consumers from financial harm. The FSC's Standard demonstrates its members' commitment to protecting customers from scams and fraud by setting expectations for the industry to follow to ensure strong levels of mitigations are in place, the lobby ...

Unprecedented vulnerabilities in financial services: KPMG

ANDREW MCKEAN  |  THURSDAY, 27 JUN 2024
... can too often result in identify theft, fraud, and data breaches, making security inevitably intertwined with fraud and scams. "Organisations in financial services are best prepared for this with a robust strategy that embraces emerging tech, keeps apace ...

Aussies' financial literacy declines, young people fare the worst

ANDREW MCKEAN  |  FRIDAY, 21 JUN 2024
... pressures, as Australians are navigating multiple challenges, economic inequality and the continued proliferation of financial scams." The report, however, said there are many stakeholders working on financial capability and wellbeing in Australia, which ...

AFCA seeks industry feedback on approaches

ELIZA BAVIN  |  FRIDAY, 14 JUN 2024
... current approaches and AFCA will continue to work on key factsheets responding to current and emerging issues, including scams, it said. AFCA said anyone wanting to submit feedback on the proposed annual approach document should have submissions in by ...

Super Members Council renews calls for anti-hawking extension

JAMIE WILLIAMSON  |  THURSDAY, 13 JUN 2024
... its own anti-hawking provisions to cover all financial services in a bid to curb the rise in consumer losses related to scams. In January 2019, the UK outlawed cold calling in relation to pensions, except where the caller is authorised by the Financial ...

Budget 2024: $20k instant asset write-off extended

ELIZA BAVIN  |  TUESDAY, 14 MAY 2024
... times to small businesses and $23.3 million to increase e-invoicing adoption, which will also disrupt payment redirection scams and boost productivity. This Budget will also invest a further $10.8 million to deliver tailored, free and confidential financial ...

Budget 2024: Regulators given boost to combat misconduct, cybersecurity

JAMIE WILLIAMSON  |  TUESDAY, 14 MAY 2024
... paid for by the ASIC and APRA industry levies. ASIC will also receive a share of $37.3 million over four years to combat scams and online fraud by administering and enforcing a mandatory industry code that is to be introduced. Finally, the Australian ...

ASIC issues warning over scammers using fake AFSLs

ELIZA BAVIN  |  FRIDAY, 3 MAY 2024
ASIC has issued a fresh warning over the increase in the sophistication of fake bond and term deposit scams. ASIC said scammers are impersonating little-known legitimate financial services businesses, often those without a website or digital footprint. ...

Financial Conduct Authority cracks down on finfluencers, firms

KARREN VERGARA  |  THURSDAY, 28 MAR 2024
... removed over 10,000 misleading adverts, up from around 8500 in 2022. "Consumers need to be alert to dubious adverts and scams online, but it is important that influencers ensure they're on the right side of the rules and consider what would happen to ...

ASIC cracks down on scammers

CHLOE WALKER  |  MONDAY, 4 MAR 2024
... scammers are only too happy to try and take advantage," ASIC chair Joe Longo said. "That's why ASIC is stopping investment scams at the source of their promotion, removing them from the internet before they can lure in unsuspecting consumers." Longo ...