
28/08/2025
On our theme of Living with HSP, we came across the article on financial scams relating to cognitive decline, which can be an issue for some HSP types but regardless, the article relates to real life experiences where money is lost through scams which in Australia, reported scams in 2024 totalled $2B.
What can be done to avoid scams?
This week in Australia is Scam Awareness Week and Scamwatch, an Australian Government body, has a 3 step approach, Stop. Check. Protect. From the Scamwatch site:
'Scams are everywhere, targeting people from all walks of life and costing Australians billions of dollars each year. Whether it’s fake emails, unexpected phone calls or online schemes, scammers always find new ways to gain your trust and steal your money or personal information. But 3 simple steps can help keep us all safe from scammers.
STOP.
Don’t give money or your information to anyone if unsure.
Scammers will pretend to be from organisations you know and trust like businesses, the police, your bank or government services. They will offer to help you or ask you to verify your identity with them.
CHECK.
Ask yourself if the message or call is fake.
Never click a link in a message. Only contact businesses or government using contact information that you find yourself from their official website or app. If you’re not sure, say ‘no’, hang up or delete.
PROTECT.
Act quickly if something feels wrong.
Contact your bank if you notice unusual activity or if a scammer gets your money or information. Seek help and report the scam to Scamwatch. When you report scams, you help us stop the scam and warn others.'
If unsure about something, don't hesitate to check with family, friends, or carers.
My background is in accounting, finance and audit and I am well aware of the need to protect myself and the Foundation from potential scams. Some additional thoughts from material I have read -
• Say no, hang up, or delete suspicious messages.
• Take time to think before responding to unexpected requests.
• Don’t let anyone pressure you into immediate action.
• Trust your instincts if something feels wrong.
Make sure the person or organisation you’re dealing with is real.
• Contact the organisation directly using details you find on their official website or app. Do not use contact details provided to you by the sender or caller.
• Look for extra letters, symbols or numbers in the web address for signs of a fake website.
In emails, check the actual address the email has come from. The sender details might seem genuine eg 'Meta Security' but when you hover over the sender name, the underlying email address will appear - eg 'damin_martinxx_999@SomethingNotReal.christmas'
Please be careful.
https://www.scamwatch.gov.au/research-and-resources/scams-awareness-week-2025
https://www.brainandlife.org/articles/cognitive-decline-financial-struggles-scams-look-for?utm_medium=email&utm_content=377607633&utm_source=hs_email
As people age, cognitive changes can raise their risk of money problems, including falling for scams. Learning what to look for can help keep their finances safe.