Australians have been warned to stay on top of their superannuation accounts after a huge rise in scams targeting the funds.
Aware Super says it has seen a 208 percent increase in attempted frauds over the last six months, with the fund preventing $36 million in losses in the past year.
Now, it is urging its 1.1 million members to stay vigilant to safeguard their future.
The advice from experts is to stay engaged with your super fund, make sure you know how much is in there and to remain “incredibly alert”.
Meanwhile, NSW Police are warning residents about fake invoice scams.
Police are urging people to check their payment details directly with a business before paying an emailed invoice, following a rise in losses to payment redirection scams.
To avoid falling victim:
STOP: Don’t rush to act. Call the business you’re dealing with to confirm payment details
THINK: An invoice may look real, but are you certain you’re dealing with the right people? Check the logos, ABN’S and other details carefully.
PROTECT: Act quickly if something feels wrong. If you have shared information or transferred money, contact your bank immediately and report the scam to Scamwatch
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