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Protect yourself from scams

Turn up your SCAM radar to spot a scammer

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Use this four-step guide to turn up your SCAM radar so you can spot a scammer and protect yourself. By keeping up to date with the latest scam trends, you can stay one step ahead of scammers.

Financial scams, fraud and cybercrime are top concerns for consumers and businesses alike. Not only are scammers using many different platforms (“hi mum” scam anyone?), they are becoming more sophisticated. In fact, many people find it hard to tell the difference between a real investment platform and a fake one.

Step 1: STOP

If you are contacted out of the blue, stop and think before you react. Ask yourself if the message or call is real. Be wary if you are:

Step 2: CHECK

Check whether any suspicious contact is from a real person or organisation. Look for their publicly listed number. Or, if you know the person, call them directly and ask if they really contacted you.

Regularly check for suspicious activity in your bank and credit card transactions, credit report, and online shopping accounts.

Step 3: ACT

If you suspect something is not right, act fast. Block or delete the text or email, or hang up the call. Don’t send any money. Or, if you have sent money, contact your bank or financial institution straight away to report the scam.

Warn your family and friends about the scam and watch out for any follow up ‘offers’ to recover lost money.


Moneysmart has tips to help you protect yourself against the threat of scammers:

For more tips on how to do this, see the links below.