Black Friday drives 17% jump in fraud complaints, one in three Aussies in the dark about credit scores, and 8 million workers want greener super. Here are five things you may have missed this week.
‘Tis the season to be scam-smart
Australians spent more than an estimated $7.1 billion across the four-day Black Friday and Cyber Monday shopping event, new NAB transaction data shows.
But shoppers weren’t the only ones looking for a steal.
Westpac reports a 17% jump in fraud-related calls in the days following the super sales weekend.
Westpac general manager of financial crime and fraud prevention, Chris Whittingham, says: “The festive season is a joyous time for most of us, but for scammers this is an opportunity to take advantage of the generous hearts and wallets of Australians.
“This may include buying and selling scams with fake websites offering competitive deals, enticing many Australians who may be rethinking their household budgets amid cost-of-living pressures.
Whittingham is urging Australians to use PayID. He explains, “This allows you to link your payee details to a registered ABN or mobile number, providing peace of mind that funds are being sent to a legitimate account.”
New credit score hub launches
If you’re in the dark about credit scores, you’re not alone.
One in three Australians are either unsure about what a credit score is or have never heard of the term according to Commonwealth Bank research.
Your credit score is a number based on your personal credit record as…
