Episode 241

full
Published on:

4th Feb 2026

Scam alert: How to keep your cash secure

Hundreds of thousands of Australians lose money to scams each year, but there are simple steps everyone can take to better protect their money.

On this episode of the Friends With Money podcast, Money’s Tom Watson is joined by Olivia McArdle, head of payments and deposits at Macquarie Bank, to discuss account safety and scams to watch out for.

01:48 Built-in security features in banking apps

03:39 Basic phone and computer security tips

05:32 Common financial scams to watch out for

07:45 What to do if you've been scammed

09:54 How banks detect and prevent scams

12:12 Future technology in banking security

#friendswithmoney #tomwatson #oliviamcardle #banking #scams


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About the Podcast

Friends With Money
Earn. Save. Invest.
We all have questions about money; how to earn it, how to spend it, and the best ways to invest so we can watch it grow.

The Friends With Money podcast, created by Money Magazine (Australia’s longest-running and most-read personal finance magazine), shares its extensive network of finance experts, in-depth knowledge of markets and timely advice to help you understand the world of money.

Hosted by senior writer, Tom Watson, and editor-in-chief, Michelle Baltazar, Friends With Money is a weekly chat with a variety of credentialed guests that you won’t want to miss. Listening and learning will help you on the path to financial freedom.