NewsBite

Scams

Advertisement
Commonwealth Bank is introducing two-factor authentication for desktop banking.

‘Convenience is at odds with security’: Why it’s going to be slower – and safer – to access your money

Payments experts say banks have been ‘slow out of the blocks on digital security’. The banks say they’re world leaders.

  • Madeleine Heffernan

Latest

Earlier this month Constantinou, 41, was ordered to pay back £64 million or spend 14 more years in prison for his large-scale fraud, but police have no idea where he is.

The hunt for Britain’s ‘Wolf of Wall Street’ who owes $134 million

He was described as a “Svengali-like” investing genius who could make clients a lot of money quickly. It sounded too good to be true - that’s because it was.

  • Lucy Burton
Australians lose more than $1 billion in investment scams per year.

CommBank unleashes ‘bot army’ with Aussie accents to trap scammers

Thousands of bots will receive calls from fraudsters, with computer-generated voices mimicking Australian accents and speech patterns wasting scammers’ time.

  • Elias Visontay
<p>

Rolling the dice on a Nigerian prince

Do not pass Go, do not collect a Kmart gift card.

Myanmar scam compounds

Caught in a $60b scam, these workers tried to flee but the soldiers were waiting

It starts with a fake job ad and a free plane ticket to Bangkok. But when you cross into Myanmar’s lawless borderlands, you realise what you’ve walked into.

  • Zach Hope and Kate Geraghty
A string of allegations has been made about HSBC’s failings to protect its Australian customers from scams.

‘Losses will continue to mount’: Bank staff’s security warnings before massive scam cost customers millions

HSBC customers lost more than $40 million to impersonation scams. The corporate regulator is suing the bank for failing to protect them.

  • Aisha Dow
Advertisement
Crypto ATMs are becoming a trap for older Australians targeted by scammers.

Depositors beware: Crypto ATMs are the newest way to scam you

Cryptocurrency ATMs are popping up like mushrooms, with more than 1800 operating across the country now – and organised crime has caught on to it.

  • Elizabeth Knight
Elon Musk on tour with US President Donald Trump in Doha, Qatar, earlier this month.

How Elon Musk’s Starlink enables a multibillion-dollar online scam industry

Looking across the Moei River from Thailand, you can see them on the distant Myanmar rooftops – dozens of white rectangles, arranged in clusters. They’re a warning sign for what could be lurking underneath.

  • Zach Hope and Kate Geraghty
Being scammed is a traumatic experience that may continue to haunt you for a while.

I lost over $20,000 in a scam. How do I recover?

It’s important to recognise that this can be a traumatic experience, so you need to give yourself enough time to recover.

  • Paridhi Jain
Indonesian trafficking victims wait to be processed at the Thai border after being released.

From the Thai borderlands, I saw the workers coming for their freedom

The nondescript town of Mae Sot on the Myanmar-Thai border has long been a hub of dubious trade. But now something remarkable is happening.

  • Zach Hope

Original URL: https://www.smh.com.au/topic/scams-61k