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Rich Girl Dictionary: Security & Scams · Two Broke Chicks

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  Speaker 1: This podcast is recorded on gaddigal Land, Always was, always
• 0:04
  Speaker 1: will be Aboriginal Land. Hey chicks, I'm sal and I'm
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  Speaker 1: ol and this is two break Checks, the show that
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  Speaker 1: shares life lessons and tips to help make you rich
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  Speaker 1: in life. Welcome back to another edition of our mini series,
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  Speaker 1: The Rich Girl Dictionary. These are bonus episodes just for you, chicks. Yes,
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  Speaker 1: each episode will be focused on a financial term to
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  Speaker 1: help you upgrade your finances and become the money savvy
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  Speaker 1: beatty you were always meant to be. It's all thanks
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  Speaker 1: to you, Bank, So let's get into it. This week's
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  Speaker 1: Rich Girl Dictionary term is security and scams. Okay, what
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  Speaker 1: is actually going on with scams right now? Scare the
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  Speaker 1: new heart thing unfortunately. Yeah, scams are a big deal
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  Speaker 1: right now. According to the twenty twenty four HBLEC Targeting
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  Speaker 1: Scams Report, Australians lost two point seven four billion with
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  Speaker 1: a B two scams in twenty twenty three, and that
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  Speaker 1: is only what was reported.
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  Speaker 2: Yeah, so it's probably a lot bigger than that.
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  Speaker 1: Even with a drop in twenty twenty four, combined losses
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  Speaker 1: still hit two point zero three billion. So scams are
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  Speaker 1: becoming more apparent as our world becomes increasingly digital in
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  Speaker 1: the digital error girls, so we're becoming more sophisticated, if
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  Speaker 1: you will. But unfortunately this means scams are too, and
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  Speaker 1: they're often personalized, using names or other identifying details to
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  Speaker 1: create a sense of trust, and it's increasingly reaching younger
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  Speaker 1: women through social media, fake job offers and investment opportunities.
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  Speaker 1: Reports of fake job scams from young Australians more than
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  Speaker 1: doubled in one year, rising one hundred and thirty two percent,
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  Speaker 1: with women disproportionately affected. Most victims were contacted online or
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  Speaker 1: via text. That's so scary. Do we have enough to
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  Speaker 1: deal with? It feels like such an invasion of privacy?
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  Speaker 1: It does. It feels very ekey.
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  Speaker 2: Yeah.
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  Speaker 1: The most common ones hitting our demographic right now are
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  Speaker 1: romance scams, fake job offers like you said, investment scams,
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  Speaker 1: and impersonation scams pretending to be your bank or the ATO.
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  Speaker 1: Have you ever seen any of these scams or do
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  Speaker 1: you know anyone who's been affected by one? Sit down,
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  Speaker 1: restore it not's called the police er the pol I
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  Speaker 1: was scammed. My father was a Jehovah's witness, So yeah,
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  Speaker 1: I got scammed. I think I've been scammed a couple
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  Speaker 1: of times from I was trying to buy a secondhand
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  Speaker 1: like PlayStation to buzz game. Yeah. Do you know what
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  Speaker 1: the annoying thing is is the red flags were there?
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  Speaker 1: Like and I do think especially with some of these,
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  Speaker 1: it's it's like the stinky Chicken theory, right, And what
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  Speaker 1: m Rasciano taught us is that if something feels off,
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  Speaker 1: it probably is, yeah, and like to trust your gut
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  Speaker 1: because there are so many Like if you have to
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  Speaker 1: question is this a scam? I think chances are it
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  Speaker 1: probably is, or the better solution is to treat it
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  Speaker 1: as one. Yeah, because basically I was trying to buy
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  Speaker 1: this PlayStation and she was like offering, being like, oh,
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  Speaker 1: I actually can like get a buck. She was trying
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  Speaker 1: to upsell me to even get more from the scam. Yeah,
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  Speaker 1: and I was like what. And then there was another
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  Speaker 1: one when I was trying to sell something and it
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  Speaker 1: was like a PAYD scam.
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  Speaker 2: That's really common.
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  Speaker 1: Yeah, and it's like I'll send you this money, but
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  Speaker 1: then you need to send me money back and they'll say, oh,
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  Speaker 1: I've sent it, and then you've just sent them money
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  Speaker 1: and then yeah, yeah, and it's really and there's so
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  Speaker 1: many and they are getting really smart. There's also just
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  Speaker 1: ones that are like texts now and it's like, you know,
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  Speaker 1: your delivery, like sending you your delivery from the posts, Yeah,
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  Speaker 1: like click this tracking yeah, click this tracking link or
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  Speaker 1: you need to sign this signature. There was one about
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  Speaker 1: my car the other day, being like you need to
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  Speaker 1: come and pick your car up from the like detailer
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  Speaker 1: or from the mechanic, and I was like, my car's
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  Speaker 1: in the driveway, Yeah you have, yeah, totally. Yeah. And
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  Speaker 1: there's just so many sneaky, sneaky, dirty dogs out there. Yeah,
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  Speaker 1: and like I've been dirty dogs. Have you never been scammed?
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  Speaker 2: I don't know if I've ever been successfully scammeday, but
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  Speaker 2: I've definitely like clicked rogue links or you know, picked
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  Speaker 2: up phone numbers from numbers that I didn't recognize or
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  Speaker 2: got really stressed when I've gotten those texts that are
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  Speaker 2: allegedly from the ATO or a bank or in regards
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  Speaker 2: to my hex stat and stuff like that, like things
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  Speaker 2: where I do feel like I don't have heaps of clarity.
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  Speaker 2: And then because that's the thing, like these scams, they
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  Speaker 2: play on that sense of fear.
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  Speaker 1: Yeah, and also the scam that I've seen is people
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  Speaker 1: texting family members pretending to be them and that they
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  Speaker 1: were in hospitals and that they need money. I've had
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  Speaker 1: that as well.
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  Speaker 2: Or like one of my friends, their mum got a
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  Speaker 2: text from somebody pretending to be their sibling and was
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  Speaker 2: like I'm overseas and I've been injured and.
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  Speaker 1: Their brother was overseas.
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  Speaker 2: It like they were living overseas and they found out
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  Speaker 2: that information and yeah, we're pretending to be them, like mom,
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  Speaker 2: like I've been injured, I need you to send me
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  Speaker 2: your money because I can't pay for my hospital bill.
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  Speaker 1: And she fell for it, I know. And also artificial
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  Speaker 1: intelligence has entered the chat here as well, so scammers
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  Speaker 1: are now using AI to make phishing messages and even
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  Speaker 1: call sound completely legit. And like you were kind of
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  Speaker 1: saying before, if it feels fishy, it probably is. And
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  Speaker 1: two big signs of that is that if it feels urgent, yeah.
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  Speaker 2: And slightly off, that's the tell.
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  Speaker 1: Yeah. So how do we protect ourselves? Well, the golden
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  Speaker 1: rule is just slow down. Like you said, scammers rely
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  Speaker 1: on urgency, culture and panic. So if something feels off,
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  Speaker 1: trust your gut and take a breath before acting. It's
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  Speaker 1: also a really good idea to get a second opinion.
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  Speaker 1: Ask someone you trust, whether it's family, friends, or a bank,
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  Speaker 1: to see what they think about the situation.
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  Speaker 2: Yeah, exactly. They can say it with a little bit
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  Speaker 2: more clarity and in a less stressful way than you can.
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  Speaker 2: Passkeys are also just one example of a security innovation
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  Speaker 2: that can make your bank accounts harder to compromise.
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  Speaker 1: So instead of a password that can be fished or stolen,
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  Speaker 1: a passke is tied to your device and your biometrics,
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  Speaker 1: so like your fingerprint or your facial recognition, So it's
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  Speaker 1: one step closer to a password less future. And you
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  Speaker 1: bank uses passkes as part of their Advanced Secure which
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  Speaker 1: means logging in is both easier and significantly more secure
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  Speaker 1: than a traditional password. The other thing that helps is
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  Speaker 1: turning on your transaction notifications, so if something shows up
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  Speaker 1: that you don't recognize, it's really good to catch it fast.
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  Speaker 1: Being able to lock down your visa debit card instantly
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  Speaker 1: through the U Bank app is a great line of defense.
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  Speaker 1: So if like a little thing pops up and it's
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  Speaker 1: like especially, you've got to watch out for the ones.
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  Speaker 2: It'll start with like two dollars, really small three dollars,
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  Speaker 2: really small transactions, because what schemers are doing is they're
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  Speaker 2: testing to see if it goes through and if it were,
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  Speaker 2: because they're usually doing it across multiple, multiple accounts, so
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  Speaker 2: they're basically just spraying and praying to see.
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  Speaker 1: What works and then going okay, hit it.
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  Speaker 2: Yeah exactly.
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  Speaker 1: So even if there's like two dollars here and there
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  Speaker 1: and you're going, what was that two dollars on lock in?
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  Speaker 2: Yeah, yeah, having real time visibility across your accounts makes
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  Speaker 2: a difference.
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  Speaker 1: It means it's money you can rely on.
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  Speaker 2: Because every one deserves to feel more supported in their
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  Speaker 2: financial journey. I use someone who checks your bank account
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  Speaker 2: regularly or is it like an ignorance?
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  Speaker 1: Is bliss it? Yeah? And if there's something that I'm like,
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  Speaker 1: what is that, I'm like looking it up because the
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  Speaker 1: thing that annoys me is when brands have their like
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  Speaker 1: ATM machine, the name of it or whatever, and it
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  Speaker 1: doesn't match their like cafe name or whatever it is,
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  Speaker 1: and I'm like, who is that? Yeah, exactly that, And
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  Speaker 1: I check like the location, like if it was spent
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  Speaker 1: in Los Angeles and I'm like, yeah, that wasn't me,
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  Speaker 1: that was I'm not there.
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  Speaker 2: Yeah, not in La No, not in Hollywood, not in
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  Speaker 2: Hollywood yet. But that's why I love the feature where
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  Speaker 2: you can switch off your card immediately because then you're like, okay,
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  Speaker 2: quickly turn it off and then I can do the
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  Speaker 2: research check and then quickly.
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  Speaker 1: Turn it back. And there's been so many times that
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  Speaker 1: we've used that features, even when we've been overseas as well,
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  Speaker 1: a lot, like even if.
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  Speaker 2: You lose your card exactly if you misplace it and
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  Speaker 2: like a different purse.
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  Speaker 1: But yeah, so that's also really helpful if you lose
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  Speaker 1: your card as well, especially when you're on holidays, because
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  Speaker 1: that's when people can get you as well. They do
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  Speaker 1: the like card reader things that they like skim it
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  Speaker 1: past your bag and they read your card and then
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  Speaker 1: they go on a little shopping spree and I go, no,
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  Speaker 1: a lot of mine, damn, honey, what an ick? I
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  Speaker 1: know if you're scamming people?
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  Speaker 2: Ick. Yeah, I don't like it.
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  Speaker 1: Well, that's it for this episode of Rich Girl Dictionary.
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  Speaker 2: Tune in next week for the next installment of this midise.
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