What an extraordinary start to the 2020 leap year with so many tragic events around the world. We have entered the year with bushfires smoke and pollution and thousands of hectares destroyed and now coronavirus which continues to impact the economy and our daily lives. It is hard not to feel overwhelmed by these events, but it is important that each one of us remains calm and focused on the positives.
On 22 March 2020, the Federal Government announced it will temporarily allow eligible people to access up to $10,000 of their superannuation retirement savings in 2019-20 and a further $10,000 in 2020-21.
For eligible people suffering economic hardship, being able to access part of their super will help them provide for themselves and their families during these unprecedented times. At the same time, it is important to be aware of the longer-term financial implications of such a decision.
With many businesses asking their teams to work remotely, security experts are warning of spikes in cyber-crime attempts.
The global COVID-19 pandemic has sparked a surge of phishing attempts on unsuspecting individuals. One such attack used the logo of the CDC Health Alert Network claiming to provide a list of local active infections, before stealing confidential information from the unprepared victims.
Cyber criminals are looking to take advantage of this period of global uncertainty, reinforcing the urgent need for everyone to be extra vigilant when it comes to cybercrime.