Australians urged to be vigilant amid spike in superannuation coronavirus scams

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Australia's competition watchdog says scammers are already trying to exploit a government move allowing people in financial hardship as a result of the coronavirus crisis partial access to their superannuation from mid-April.

“It’s pretty unsurprising that scammers are taking advantage of this opportunity - they’ve been taking advantage of every opportunity they’ve been given for quite a long time,” he said.

"Hospitals tend to have older technology on their computers and we’re seeing reports of scammers targeting hospitals with scam emails too.” People who think they may have fallen victim to a scammer are advised to contact their financial institution. They can also People in Australia must stay at least 1.5 metres away from others and gatherings are limited to two people unless you are with your family or household.

 

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Petrol companies have been scamming the Australian public for years

How would a super company release funds to a scammer?

Don’t dip into your super without checking the value of your investment. Pulling money from super in an uncertain market can be disastrous.

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