Fri, 6th Sep 2024

In this episode of the Daily Financial Services News Wrap, we discuss an alarming rise in property transaction scams in Australia, with an emphasis on cybersecurity. A case involving an Australian couple being scammed out of $48,000 by cyber criminals posing as their solicitor is highlighted. The serious implications of providing inaccurate data in insurance agreements are examined with reference to a case involving Allianz Australia and a misdescribed Range Rover claim. Zurich Financial Services Australia's new Chief Risk Officer, David Wainwright, is introduced. Lastly, we report on increased scrutiny in Australia's superannuation sector following allegations of corruption against super funds United Super and BUSS Queensland.n