Protecting Your Hard Earned in 2024

Online Financial Scam

Protecting Your Hard Earned in 2024

In today’s digital age, safeguarding your hard-earned money is more critical than ever. Falling victim to financial scams impacts your financial stability and peace of mind. To help you stay informed and vigilant, here are the essential tips from Scamwatch,  the government’s official website dedicated to scam prevention.

Recognise Scams

Financial scams come in various forms, from phishing emails to investment fraud. Be on the lookout for common red flags such as messages you didn’t ask for, high-pressure tactics, and suspicious links or emails. If an offer seems too good to be true, it probably is.

Verify Before You Trust

Run your own searches to verify the legitimacy of any unexpected communication or offer. Don’t click on links or download attachments from unknown sources. Instead, contact the organisation directly through trusted channels to confirm the authenticity of the communication.  Visit to learn how to protect yourself.

Use Strong Passwords

Create strong, unique passwords for your online accounts and enable two-factor authentication whenever possible. Strong passwords are your first line of defence against scammers and unauthorised access to your financial information.  It can be difficult to remember all of your passwords so consider password management software to optimise your protection.

Secure Personal Information

Safeguard your personal information at all costs. Shred sensitive documents before disposal and be cautious about sharing personal information online or over the phone. Scammers often use stolen information for fraudulent activities.

Stay Informed

Stay updated on the latest scam alerts and reports from official sources like Scamwatch. Being informed about current scams can help you recognise and avoid potential threats.  Download a free copy of The Little Black Book of Scams from Scamwatch.  It is available in multiple languages to help spread the word.

What to do if you’ve been scammed: Tips from Scamwatch.

If you’ve unfortunately fallen victim to a scam, remember that you’re not alone. Here are steps to take, as recommended by Scamwatch:

  • Cease Contact: Immediately cease all communication with the scammer. Block their contact details to prevent further harassment.
  • Report the Scam: Report the scam to the appropriate authorities, such as the Australian Competition and Consumer Commission (ACCC) or your local law enforcement agencies. Reporting scams helps authorities act against scammers and protect others.
  • Seek Support: Don’t hesitate to seek emotional and practical support from trusted friends, family, or professionals. Falling for a scam can be embarrassing but remember that it can happen to anyone. Sharing your experience can help others avoid similar situations.

Talking About Scams Openly

It’s crucial to emphasise that discussing scams openly is a vital part of fighting them. While it can be embarrassing to admit being scammed, sharing your experience can help others avoid falling into the same trap. By sharing your story, you not only raise awareness but also provide valuable insights that can protect others in your community.

In 2024, let’s make a collective effort to safeguard our hard-earned money and spread awareness. Staying up to date, talking openly, and reporting scams creates a safer environment for us all. Stay safe, informed, and protect your money in the year ahead.

Being proactive with our finances is essential for success. 

Let’s talk about moving to the next level.

“Money is a terrible master but an excellent servant.”
P.T. Barnum
American author