Skip to main content

Protect yourself from scams

Know how to spot the signs of a scam

Page reading time: 4 minutes

Scammers are skilled at tricking you out of your money. Knowing the signs of a scam can help you identify when something doesn't feel right.

Scamwatch, run by the National Anti-Scams Centre (NASC) says:

If you think you've been scammed, act fast and see what to do if you've been scammed.

How to reduce the risk of financial scams

Here are some ways to help you to stay safe and reduce your risk of being scammed.

Protect your personal information

For more tips, see identity theft.

Do your own research

Don't rush into a quick decision

How to spot a financial scam

Here are red flags to help you to identify a financial scam from something legitimate.

Remember, scammers are smart and know how to be convincing. Always be cautious when it comes to trusting someone with your money.

Signs of investment scams

An investment offer may be a scam if the person:

If you spot any of these signs, hang up the phone or delete the email. If you manage to record any of the scammer's details, report them to ASIC. Learn more about how investment scams work.

Signs of crypto scams

If you're investing in crypto, watch out for these warning signs:

Find out more about how crypto scams work.

Signs of superannuation scams

Scammers can try to get access to your superannuation. For example, offers to help you get your super early or help you 'control' it by opening a self-managed super fund (SMSF). Learn more about how superannuation scams work.

Signs of banking and credit scams

A bank will contact you if there are suspicious transactions on your account. But they will never ask you for sensitive information such as online banking passwords or codes. Learn more about banking and credit scams.

Signs of identity theft

If your identity has been stolen, you may not realise for some time. Learn more about how to spot the signs of identity theft.

Check an investment is real

If you're offered an opportunity to invest, check it's legitimate by asking:

Even if they can answer these questions, don't rely on information given to you. Always verify any information through independent sources. To do your own research, check:

If you suspect a scam hang up the phone or do not respond to the email. Stop dealing with the person or delete and block them if it's through social media.

For more detailed steps to take, see check before you invest.