cryptocurrency Archives - Consumers' Federation of Australia

24 November , 2023

Banking Industry Announces First Big Step in Addressing Scams

Original media release by CALC (24/11/2023). Consumer Action Law Centre has welcomed the scams safe accord announced by the Australian Banking Association (ABA) and Customer Owned Banking Association (COBA) which has involved, for the first time, member banks joining forces and agreeing on key steps to enhance scams protections for Australian banking customers. “We are…

‘Don’t get burnt by hype’ the Launch of ASIC’s Latest Consumer Awareness Campaign

ASIC has today launched a consumer campaign to raise awareness of the risk associated with investment hype to coincide with the Australian release of Dumb Money, a new film about the GameStop short squeeze episode in 2021.

Australian’s Urged to Be Alert to Rapidly Rising Employment Scams

According to the National Anti?Scams Centre (NASC) financial losses to job and employment scams have increased by over 740% in 2023.

Scammers are targeting jobseekers with lucrative offers to complete tasks, tricking unsuspecting victims into handing over their hard?earned money.

Australians have reported losses of $20 million to employment scams this year alone.