Bob Jones: Bank scams

Currently Kiwis are losing nearly 200 million dollars annually to scams. It is an extraordinary amount which testifies to the decline of our newspapers’ readership, they regularly publishing warnings against accepting plausible sounding messages purporting to come mainly from banks, but also other activities.

Half a century back virtually every household had a daily newspaper delivered and people were thus better informed. But alas, today in an age of cell-phone obsession and pervading ignorance plus an obsession with social media, that’s no longer the case.

Both the government and the banks employ large numbers of people working on ways to overcome this problem but to date they’re fighting a losing battle.