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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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Can Australia’s leave boost the economy?

By Cameron Micallef

December 13 2019
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Invest

Can Australia’s leave boost the economy?

By Cameron Micallef
December 13 2019

With the summer holidays fast approaching, Aussies are preferring to save their leave, according to the latest figures.

Can Australia’s leave boost the economy?

By Cameron Micallef

December 13 2019
Share

With the summer holidays fast approaching, Aussies are preferring to save their leave, according to the latest figures.

Research released by Roy Morgan has shown that Australians have stockpiled over 146 million days of annual leave.

This means the average working Aussie has just over 16 days of paid working leave.

According to Austrade, domestic travellers pumped $77.5 billion into the Australian economy with 400 million nights spent away from home.

Given the current strength of the domestic tourism industry, Roy Morgan CEO Michele Levine believes that if Australians took their leave and went on domestic holidays, it would help support a slowing economy.

“With the Australian economy showing signs of slowing, the potential boost that would come from people taking their accrued leave would be considerable. This would particularly be the case if Australians were encouraged to holiday in Australia,” Ms Levine explained.

However, while an increase in domestic tourism would boost the economy, the latest ABS statistics show Australians are looking to saving instead of spending.

The September quarter showed that the first three months of the financial year saw household spending grow by just 0.1 per cent, or the smallest growth since the global financial crisis.

Federal Treasurer Josh Frydenberg put a positive spin on the low consumption figures, stating: “Household disposable income grew by 2.5 per cent, the fastest quarterly rise in a decade, with the ABS saying it was driven by a decline in income tax payable and interest paid on dwellings as well as continued rises in the compensation of employees.”

“Whether spent or saved, the tax cuts are putting households in a stronger economic position, making them more financially secure with more money in their pockets,” the Treasurer concluded.

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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.