Scams
Exclusive
Stephen Jones
Up to $50m fine for banks, telcos, social media firms in war on scams
Labor will give its financial watchdog new powers to force companies to compensate customers who lose money and to punish operators who don’t police their sites.
- by David Crowe
Latest
Opinion
Opinion
Carol ‘completely trusted these people’, then her life savings disappeared
The banks that are meant to protect our money often turn their backs on scam victims in their time of need.
- by Nina Hendy
Exclusive
Courts
Case of the missing McLaren: Serial luxury car scammer faces jail over contempt of freezing order
Andreas Triantafyllos siphoned almost $700,000 from secret bank accounts, and also failed to explain how he obtained and disposed of a high-performance sports car.
- by Cameron Houston
Analysis
Opinion
Who should foot the bill for Australia’s scam epidemic?
When a victim is tricked by a scammer, Australian banks and digital platforms are not currently obligated to reimburse them. But should they be?
- by Matthew Spain
Opinion
Social media
Why Australian banks are better at stopping scammers than British banks
Winning the war against these international criminal gangs can only be achieved through a collective show of strength from all parts of the scams chain.
- by Anna Bligh
Exclusive
Social media
The Facebook problem that only hurts Australians
Frances Haugen made global headlines when she blew the whistle on Facebook. She says the company treats Australia differently to other markets.
- by David Swan
Analysis
Analysis
ASIC shuts down more than 7000 scam websites in major crackdown
The regulator is disrupting scammers’ efforts to financially deceive Australians by closing the scammers’ websites, contributing to a reduction in the amount of money lost to scams.
- by John Collett
Complaints surge about banks not doing enough to prevent scams
Australians’ complaints over payment scams have grown exponentially. Should banks be on the hook to reimburse customers?
- by John Collett
Opinion
Banking products
We must stop this ‘nasty weed’ plaguing our financial system
It’s pervasive, affecting more and more people every day, and it wastes time – and yet most people have never heard of it.
- by Noel Whittaker
Playing whack-a-mole: Scammers set up new WhatsApp group after ASIC arrests
The administrator of a WhatsApp group invited hundreds to join a new stock market manipulation scheme the day after four Australians were arrested for allegedly similar conduct.
- by Sarah Danckert
Opinion
Opinion
When scammers stole my Instagram, they even took pictures of my kids
The fake account was full of aspiration, interspersed with get-rich-quick hard sell. Apart from the name, it looked like it was from a trusted source: me.
- by Nicole Pedersen-McKinnon