1 00:00:00,280 --> 00:00:02,720 Speaker 1: Let's deal with something else entirely. We've got ourselves an 2 00:00:02,720 --> 00:00:05,480 Speaker 1: anti scam minister, Andrew Bailey, first guy in the job. 3 00:00:05,760 --> 00:00:07,760 Speaker 1: This was announced as news came out that Key Wes 4 00:00:07,760 --> 00:00:10,280 Speaker 1: have lost an eye watering two point three billion dollars 5 00:00:10,680 --> 00:00:13,320 Speaker 1: to scammers this year. Net Safe CEO Brent carriers with 6 00:00:13,400 --> 00:00:13,680 Speaker 1: us on this. 7 00:00:13,800 --> 00:00:15,520 Speaker 2: Hey, Brent, Hi, Heather. 8 00:00:15,760 --> 00:00:17,840 Speaker 1: Now, you guys say it's two point three billion in 9 00:00:17,840 --> 00:00:20,520 Speaker 1: a year, but Andrew Bailey says it's only two hundred million. 10 00:00:20,560 --> 00:00:25,520 Speaker 3: Why the difference that figures the eleven banking institutions that 11 00:00:25,600 --> 00:00:29,360 Speaker 3: are reporting. We spoke directly to victims and that's what 12 00:00:29,400 --> 00:00:32,760 Speaker 3: they've reported, So yes, the figures differ, but this is 13 00:00:32,800 --> 00:00:36,000 Speaker 3: people who have said they've lost their money, so that's 14 00:00:36,000 --> 00:00:36,800 Speaker 3: why it's different. 15 00:00:37,000 --> 00:00:39,240 Speaker 1: But the banks wouldn't the banks actually have an idea 16 00:00:39,360 --> 00:00:41,480 Speaker 1: of exactly how much is being lost, whereas you would 17 00:00:41,520 --> 00:00:43,280 Speaker 1: be doing a survey of a certain number of people 18 00:00:43,280 --> 00:00:45,560 Speaker 1: and then extrapolating across the whole country. So there's a 19 00:00:45,600 --> 00:00:47,240 Speaker 1: bit of guess work going on there. 20 00:00:47,800 --> 00:00:48,519 Speaker 2: Yes, there is. 21 00:00:48,560 --> 00:00:53,280 Speaker 3: This is just a snapshot from that survey, and certainly 22 00:00:53,440 --> 00:00:56,480 Speaker 3: we need a bigger picture around the actual size of this. 23 00:00:56,880 --> 00:00:59,920 Speaker 2: It's big money regardless millions or billions. 24 00:01:00,360 --> 00:01:02,200 Speaker 1: Yeah, totally agree. What do you think of a new 25 00:01:02,240 --> 00:01:03,200 Speaker 1: anti scam minister? 26 00:01:04,240 --> 00:01:07,760 Speaker 3: I am welcome that because it enables us to coordinate 27 00:01:07,920 --> 00:01:11,280 Speaker 3: directly with one person instead of across multiple ministers. 28 00:01:11,720 --> 00:01:14,400 Speaker 2: And the UK have a fraud minister, so this is 29 00:01:14,400 --> 00:01:15,040 Speaker 2: great news. 30 00:01:15,840 --> 00:01:18,000 Speaker 1: Do you feel like the banks are doing enough? I 31 00:01:18,000 --> 00:01:19,840 Speaker 1: mean I saw the other day they started rolling out 32 00:01:19,880 --> 00:01:21,080 Speaker 1: and they'll have it rolled out by the end of 33 00:01:21,120 --> 00:01:24,200 Speaker 1: the month. I think the pay the confirmation of paye 34 00:01:24,200 --> 00:01:26,080 Speaker 1: thing is that kind of what you want. 35 00:01:26,720 --> 00:01:29,520 Speaker 3: Yeah, we want more technology, we want more innovation, and 36 00:01:29,520 --> 00:01:31,240 Speaker 3: we want to catch up with the rest of the world. 37 00:01:31,319 --> 00:01:32,920 Speaker 2: So these are all good first steps. 38 00:01:33,160 --> 00:01:35,040 Speaker 1: Brilliant. Hey Brent, thank you very much, really appreciate it. 39 00:01:35,080 --> 00:01:36,640 Speaker 1: Brin carry Let's safe CEO. 40 00:01:37,360 --> 00:01:40,520 Speaker 4: For more from hither Duplessy Allen Drive. Listen live to 41 00:01:40,640 --> 00:01:43,640 Speaker 4: news talks. It'd be from four pm weekdays, or follow 42 00:01:43,680 --> 00:01:45,480 Speaker 4: the podcast on iHeartRadio.