1 minute read

sporting club?

purchasing uniforms and club accessories let alone members and friends buying a drink from the bar

To ensure the long-term viability you need to have a pro-active board of directors.

The members need to be confident that the board has people in positions whereby they can use their skills and abilities to work on developing solutions and resolve the problems that have potentially placed your club in an unenviable position.

No one wants to see a club fold – not you – not your fellow members – not the local community.

By Macquarie

What’s an impersonation scam?

An impersonation scam is when a scammer contacts someone by phone or SMS and impersonates a bank or other service company. They then convince the customer to authorise transactions, make a payment, or provide personal information.

Scammers go to great lengths to look authentic. Before contacting someone, scammers do their research and have well-thought-out details at hand, such as partial card and account numbers. This level of detail allows the scammer to gain the customer's trust as they sound more convincing.

Recently, scammers have been coldcalling people and using sophisticated scripts and techniques to sound more professional and believable. For example, scammers may introduce themselves as a Macquarie employee using names and job titles obtained on platforms such as LinkedIn to convince the customer that they’re talking to someone from Macquarie.

In 2022, Scamwatch received 14,603 reports on bank impersonations with more than $20 million reported lost. More than 90 of these reporters individually lost between $40,000 and $800,000*. It’s important to stop and consider when we’re being asked to give personal information.

What to look out for

• Unsolicited contact. Consider whether being contacted makes sense in this scenario.

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