In a recent alert, the Australian Competition and Consumer Commission (ACCC) highlighted a significant rise in remote access scams, resulting in substantial financial losses. Australians lost $15.5 million to these scams in 2023, with an alarming 52% spike in reported losses in the first quarter of 2024, compared to the previous quarter. What is a ...

The Australian Taxation Office is warning about a high volume of SMS scams pretending to be from the ATO. These scams tell you that you’re owed an income tax repayment and ask you to click a hyperlink and complete a form. But clicking the link takes you to a fake ATO web page that asks for your personal identifying information, including your cred...

Here at MOVE Bank, we take the safety and security of our members and their personal information seriously. When it comes to financial crimes and scams, education and awareness plays a vital role in our overall strategy to protect our members. To learn more about what exactly the team here at MOVE Bank does to safeguard our members against financi...

Investment scams target individuals by offering seemingly risk-free investments with large and guaranteed returns. These scams can be more difficult to spot than others but are often far more damaging if scammers are successful – costing Australians $177 million last year alone. * Investment scams come in many forms but will often begin with an un...

Phishing scams involve fraudsters impersonating a company that you know and trust with the goal of stealing your personal information. These types of scams are one of the most common in Australia and according to Scamwatch resulted in a loss of over $1.6million last year alone. With phishing scams becoming increasingly sophisticated, we encourage ...

Card-based scams are a popular choice among fraudsters, with data from the Australian Payments Network showing that there were over $447 million lost to card-based fraud last financial year. To protect yourself and your MOVE Bank accounts, read on for important tips on how to spot and avoid these scams.   What is card-based fraud? There are diff...

No matter how you do your banking, the wide variety of scams and fraudsters out there makes it important to understand how to protect yourself and your personal information. Common scams and how to avoid them 1. Romance scams Scammers often create a fake online identity using platforms such as social media or dating apps to leverage their profil...