Displaying items by tag: bank accounts

With school holidays just around the corner, Vodafone is warning parents about a common scam targeting families. 

Have you ever found yourself scrambling to pay your utility bill at the last minute, only to realize you’ve missed the deadline? Or perhaps you’ve faced the dreaded late fee because life got too busy? If so, you’re not alone. Many of us juggle multiple bills each month, which can be overwhelming. But worry not! There’s a simple solution that can save you from these hassles. Recurring deposits is the answer.

GUEST OPINION:  The benefits of online banking have been welcomed by businesses and consumers alike, however the shift has also provided fresh opportunities for cybercriminals. Before online banking and payments, bank fraud consisted of physical acts like cashing a fraudulent cheque or stealing a credit card. Today, an attacker can initiate a fraudulent transaction with nothing more than a PC and an internet connection.

New South Wales residents were the most financially impacted by scams in July, accounting for 37% of the total amount lost in the month.

Scammers have stolen more than $7.2 million from Australians so far this year by gaining access to home computers, an increase of 184% compared to the same period last year.

The total number of open banking users who share data via open banking APIs to aggregate their bank accounts and access new services, is forecast to double by 2021, according to a new global research report.

Australian consumers are reporting having their bank accounts drained by fraudsters and their email inboxes accessed in the latest scam involving theft of mobile numbers, according to the newly published report on fraud from the Telecommunications Industry Ombudsman.