Fake Term Deposits Cost Aussies Millions

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