Does your bank offer cardless cash withdrawals? Scammers are onto it

Authorities predict a record $500 million will be lost to scams this yearThe Australian Tax Office says it is seeing a spike in the scam right now and estimates Australians have been fleeced millions of dollars.

Australians lost nearly half a billion to scammers last year — and that's just the cases reported to the consumer watchdog. "So what they do is once they've convinced someone that they've got a tax debt, they help them to set up cardless cash ... where you can get money out of an ATM without your card, just using a code that you get to your mobile or through your banking app."The cardless cash scam is one that we've just seen emerging in recent months, so it is still relatively new."

Block calls from people not in my Contact list, don't use Voicemail (haven't set it up), assume unexpected emails are spam unless proved otherwise

ATO needs to do more to publicise these facts to educate the public and aid on avoiding being scammed. Public service messages via digital and media avenues ... needs to happen

Australia Latest News, Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Season for scams: ATO warns on new twist after $2m lossesCardless cash facilities are the latest twist on a scam catching out taxpayers and small businesses.
Source: smh - 🏆 6. / 80 Read more »

Australian man arrested in Bali after climbing onto the roof of a houseAnother Australian has been arrested in Bali, this time after he climbed onto the roof of a house, leaping across it and damaging tiles and cutting his feet in the process. When will they learn A bloody yobbo! Bali needs to ban Aussies from drinking. I think we've lost the right to argue differently.
Source: newscomauHQ - 🏆 9. / 77 Read more »

Shirtless Australian man arrested after 'rampage' in BaliYet another Australian has been arrested in Bali, this time for climbing onto the roof of a house near tourist hotspot Seminyak. 9News ROFLMAO THAT PICTURE The bin tang bogan strikes again
Source: 9NewsAUS - 🏆 10. / 72 Read more »

Gladys Liu linked to donor at centre of cash drop probeBrighsun donated $105,000 to the Liberal Party. Seven months later its CEO was collecting a bag of cash in a car park from a drug trafficker. No surprise there. Shocked. Look over there! It's a possum!
Source: smh - 🏆 6. / 80 Read more »

Married couple Tim and Rod take out Amazing Race Australia prizeMarried couple Tim and Rod have scored the whopping $250,000 Amazing Race Australia cash prize, and they have an “outrageous” plan for what they’re going to do with it. They were my second faves after the footy boys. Such nice down to earth guys, much nicer then try guys from the block. For the final yes. Pretty sure Tom and Tyler were the fans’ favourite throughout. But the producer wanted them out because they were too good. These guys were the next best thing. Thank goodness I didn’t have to listen to Jasmin talk about her ‘babe’ and her son. Might have been an idea to hide who won in the article rather than the headline, knobs
Source: newscomauHQ - 🏆 9. / 77 Read more »

Reserve Bank holds interest rates at record-low level of 0.75 percentJUST IN: The Reserve Bank of Australia has held interest rates at the record low level of 0.75 percent. 9News
Source: 9NewsAUS - 🏆 10. / 72 Read more »