Unfortunately, fraud affecting many vulnerable people is most likely to be perpetrated by those they trust the most – their family members, friends or carers.
‘Friendly’ fraud occurs when someone in a position of trust takes away access to a victim’s money or uses it without their consent. The victims are often vulnerable people who rely on others – the elderly or those with learning difficulties.
Examples of friendly fraud include:
Family fraud is often hidden – a victim may not identify what’s happening to them as fraud, they may be ashamed that it’s happening, or frightened of what might happen if anyone finds out. Signs of financial abuse include:
Family fraud can be minimised by putting safeguards in place:
If you have been targeted by a scam relating to your Qudos account, visit our webpage Reporting Scams to find out who to contact.
Qudos Mutual Limited trading as Qudos Bank ABN 53 087 650 557 AFSL/Australian Credit Licence 238 305. The information in this article is of a general nature and has been prepared without considering your objectives, financial situation or needs. Before acting on the information, consider its appropriateness to your circumstances.