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According to Professor Asha Rao, while many individuals don’t consider their data “important” enough to feel vulnerable to cyber security threats, it’s precisely that attitude that is preyed upon by cyber criminals.

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The associate dean of mathematical sciences at RMIT University joins host Grace Ormsby on this episode of The nestegg Podcast to discuss the recent cyber attacks affecting the Australian government, the importance of remaining vigilant around cyber security, and the common scams that people should be wary of.

Professor Rao explains how automated technology makes cyber crime more profitable, why the pandemic has increased our exposure risk to such threats, and what to do if you think you’ve compromised your cyber security.

Thanks Professor Rao, for sharing your insights with the nestegg podcast team!

Have an investment story to share? Get in touch at [email protected] and you might get featured on the next episode.

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Economists split on RBA’s rate call

By Cameron Micallef

February 03 2020
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Invest

Economists split on RBA’s rate call

By Cameron Micallef
February 03 2020

Economists split on RBA’s rate call

By Cameron Micallef

February 03 2020
Share

Economists are highly divided on whether the Reserve Bank of Australia (RBA) has been too aggressive with the recent rate cuts, suggests an industry survey.

According to Finder, 42 per cent of economists believe the RBA should cut less, as the central bank moved the rates three times in a year.

However, 50 per cent of respondents believe the RBA needed to be aggressive following three years without changing the cash rate and supported three cuts in a year.

Graham Cooke, insights manager at Finder, said the RBA’s decisions will never please everybody.

“On the one hand, some experts say the cutting was ‘overzealous’ and is seeing house prices soar while most economic metrics have been stagnant.

“Others think the RBA hasn’t done enough to repair the economy in light of lagging employment and inflation figures.”

By reducing the cash rate three times, Finder noted house price growth across the nation has seen a strong growth.

Australia’s two largest cities, Sydney and Melbourne, have grown by 5.22 and 5.35 per cent, respectively.

Not far behind were Canberra, Hobart and Brisbane which are all growing by greater than 3 per cent.

“One thing is clear: three cuts have reignited the housing market and pumped up property prices across the country,” Mr Cooke said.

“With more cuts on the horizon, it remains to be seen whether cheaper credit and lower rates will be an elixir or a poison pill.”

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About the author

Cameron Micallef

Cameron is a journalist for Momentum Media's nestegg and Smart Property Investment. He enjoys giving Aussies practical financial tips and tricks to help grow their wealth and achieve financial independence. As a self-confessed finance nerd, Cameron enjoys chatting with industry experts and commentators to leverage their insights to grow your portfolio.