Fake Term Deposits Cost Aussies Millions

Fake Term Deposits Cost Aussies Millions

<  Back to News and Media

Published on:

May 9, 2025

A huge thank you tothe Channel 9 money editor, Effie Zahos, for chatting to our Group CEO, DrDavid Lacey, about term deposit scams. IDCARE has seen a 69% increase in thesescams in the first quarter of 2025, compared to the previous quarter with over$11 million in reported financial losses – and average of $231,000 a person!

Other News

IDCARE is always active in the media from radio to TV, social media and news articles. Keep up to date with what's happening at IDCARE and in the media.
Unleash your inner superhero

Learn how you can be an everyday superhero in your community

Read more...
How bots are stealing MFA Codes

And take the test to see if you can spot a fake website

Read more...
Stay Smart Online Week

Identity & Cyber Crime Impacts on the Australian Community and Current Scams

Read more...

CONTACT US

IDCARE is here to provide you with specialist support and guidance when faced with a cyber and identity related issue. Contact one of our Identity & Cyber Security Case Managers to learn more about our Support Services and how we can help you.   

Get help
ONLINE FORM

Submit a web request

Call Centre Icon

Call our AUSTRALIAn
NATIONAL CASE MANAGEMENT CENTRE

1800 595 160

Mon - Fri: 8am - 5pm AEST

QLD: 07 3555 5900
ACT & NSW: 02 8999 3356
VIC: 03 7018 2366
NT, SA & WA08 7078 7741

Call Centre Icon

call our NEW ZEALAND
NATIONAL CASE MANAGEMENT CENTRE

0800 121 068

Mon - Fri: 11am - 8pm NZST
AKL: 09 884 4440