Tips to help protect yourself from financial scams | An AustralianSuper Editorial

Scams are on the rise in Australia¹. As one of your biggest investments, super is often a target for scammers.

Common types of scams to look out for include:

·       Email

·       Text message

·       Phone call

·       Voicemail

·       Mail

·       Applications or online platforms, such as dating or social networking.

 

Scammers are always finding new ways to target your assets and identity. They can take a sophisticated approach, appearing to come from a legitimate business – even using official-looking logos and addresses. They’ll often:

·       Say they’re from your super fund, bank, or a government agency

·       Ask for personal information

·       Offer help, such as withdrawing your super. This might be as one lump sum to an account that doesn’t belong to you, or as a withdrawal to a SMSF.

 

Scams can occur any time throughout the year, However, there are some key moments to be especially alert, including when you’re:

·       Expecting a delivery

·       Trying to access your super

·       Making a large payment or transfer online.

 

Read the full article on how to protect yourself from financial scams here.

 

1. gov.au statistics 1 January – 19 September 2021

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