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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