Connect with us


Scam protection measures show promising results



The Australian Banking Association (ABA) has greeted the release of a new report from the National Anti-Scam Centre with optimism, indicating progress in the battle against financial fraud.

According to the latest quarterly report, scam losses during the December quarter of 2023 witnessed a significant decrease of 43% compared to the same period in the previous year, reflecting a positive trend in safeguarding Australians against various types of scams.

Key highlights from the report reveal reductions in losses across diverse scam categories, including investment (down 38%), romance (down 41%), employment (down 38%), false billing (down 53%), and phishing (down 62%).

Cryptocurrency scams

The report indicates a notable 74% decrease in losses attributed to cryptocurrency scams, amounting to $12.4 million, along with a 31% decrease in losses by bank transfer scams, totaling $40.2 million.

Anna Bligh, CEO of the ABA, emphasized the significance of these findings, stating that concerted efforts to combat scams are yielding tangible results in protecting Australians from falling victim to fraudulent schemes.

Bligh expressed empathy for those who have suffered financial losses due to scams while commending the collective efforts aimed at mitigating such risks.

She stressed the importance of remaining vigilant against evolving scam tactics and underscored the necessity for continued collaboration among banks, government agencies, telecommunication companies, social media platforms, and consumers to stay ahead of scammers.

Ahron Young is an award winning journalist who has covered major news events around the world. Ahron is the Managing Editor and Founder of TICKER NEWS.

Continue Reading


Workers rush back to their desks over job fears



Workers across Australia are rushing back to their desks, driving office utilisation rates to their highest levels since February 2020.

Tuesdays, Wednesdays, and Thursdays emerge as the busiest in-office days, contrasting with the continued reluctance to return on Fridays.

This insight, drawn from XY Sense data based on 18 enterprise customers in Australia employing approximately 68,000 individuals across 127 buildings, reflects a significant shift in workplace dynamics.

The surge in office attendance coincides with a resurgence in workplace attendance mandates and policies linking physical presence to bonuses and performance reviews.

However, co-founder of XY Sense, Alex Birch, suggests that rising job insecurity, rather than these policies, primarily drives this behavioral shift.

“The pendulum has moved towards the employer, and therefore people feel more obliged to go back into work,” commented Mr. Birch.

Job market

Danielle Wood, chairwoman of the Productivity Commission, anticipates this trend to persist as the job market softens.

She notes a disparity between employer and worker perceptions regarding the productivity benefits of hybrid work arrangements, hinting at potential shifts in the employment landscape.

Meanwhile, economists at the e61 Institute observe a partial reversal of the pandemic-induced “escape to the country” trend.

Rent differentials between regional and capital city dwellings, which narrowed during the pandemic, are now widening again.

This trend suggests a diminishing appeal of remote work options and a return to urban commuting.

Aaron Wong, senior research economist at e61, said the emergence of a “new normal,” characterised by a hybrid lifestyle that blends access to office spaces with proximity to lifestyle amenities such as natural landscapes.

While regional rents decline, rents for homes on the urban fringe surge, reflecting evolving preferences shaped by remote work opportunities.

Continue Reading


Why resilient economy is fuelling demand for Australian property



Despite inflationary pressures, Australian house prices have surged to a record high for the fifth month in a row, as indicated by CoreLogic data.

Australian house prices have not only weathered inflation but have also soared to unprecedented levels, marking the fifth consecutive month of record highs, according to data from CoreLogic.

This resilience reflects the enduring demand for property in the country, showcasing the sustained interest of buyers despite challenging economic conditions.

VentureCrowd’s Head of Property, David Whitting, talks how investors can access alternative ways of property investing.

Presented by VentureCrowd #funding futures #housing #economy

Continue Reading


Three reasons why you don’t need to panic about inflation



Inflation in the US has exceeded expectations for the third consecutive month, driven by increases in essential commodities such as oil, electricity, takeaway food, and medical costs.

  1. Despite a 3.8% year-on-year rise in CPI, it’s notable that this figure has decreased from its previous 9% high.
  2. The robust CPI and economic growth numbers suggest a positive outlook for US corporate earnings.
  3. The S&P500 has seen five 1% drops this year, all of which were met with investors buying the dip.

Continue Reading
Live Watch Ticker News Live

Trending Now

Copyright © 2024 The Ticker Company