There are calls for a coordinated response to get on top of rising fraud operations.  

Crypto exchange Swyftx is warning scam networks have evolved into a new form of organised crime, with many operating out of South East Asia.  

Latest data estimates New Zealanders has lost $1.6 billion to online threats in the past year, with this expected to grow without intervention.  

Criminologist Gabby Lewis told Mike Hosking the Government needs to run simple, nationwide campaigns.  

She recommends simple messaging like "slow down, look around, shut it down". 

There’s also a belief more needs to be done to protect New Zealanders from the syndicates. 

Lewis told Hosking the syndicates utilise human trafficking to make their money, the victims forced to stay in compounds and scam people. 

LISTEN ABOVE 

There are calls for a coordinated response to get on top of rising fraud operations. &nbsp;
Crypto exchange Swyftx is warning scam networks have evolved into a new form of organised crime, with many operating out of South East Asia. &nbsp;
Latest data estimates New Zealanders has lost $1.6 billion to online threats in the past year, with this expected to grow without intervention. &nbsp;
Criminologist Gabby Lewis told Mike Hosking the Government needs to run simple, nationwide campaigns. &nbsp;
She recommends simple messaging like "slow down, look around, shut it down".&nbsp;
There’s also a belief more needs to be done to protect New Zealanders from the syndicates.&nbsp;
Lewis told Hosking the syndicates utilise human trafficking to make their money, the victims forced to stay in compounds and scam people.&nbsp;
LISTEN ABOVE&nbsp;

Open your mind to the world with New Zealand’s number one breakfast radio show.

Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda.

The sharpest voice and mind in the business, Mike drives strong opinion, delivers the best talent, and always leaves you wanting more.

The Mike Hosking Breakfast always cuts through and delivers the best daily on Newstalk ZB.

Open your mind to the world with New Zealand’s number one breakfast radio show. Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda. The sharpest voice and mind in the business, Mike drives strong opinion, delivers the best talent, and always leaves you wanting more. The Mike Hosking Breakfast always cuts through and delivers the best daily on Newstalk ZB.

Open your mind to the world with New Zealand’s number one breakfast radio show.Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda.The sharpest voice and mind in the business, Mike drives strong opinion,...

The Mike Hosking Breakfast

Gabby Lewis: Criminologist on growing threat of fraud and scam networks to New Zealanders

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/3f91778b-c540-4f21-bf9d-b38a0133a596/transcript

The Associate Energy Minister says an extra diesel stock is a buffer against worsening conditions. 

The Government's inked a deal with Z Energy for another 90 million litres of diesel to be stored at Marsden Point. 

It's put up $21.6 million this month. 

Shane Jones told Mike Hosking the deal provides a buffer in the event of a logistical problem or a clog in the supply lines. 

He says it could come to pass that things will normalise in a much quicker way than the average “armchair critic” believes, but diesel-using Kiwis can feel assured this decision hasn't been made recklessly. 

LISTEN ABOVE 

The Associate Energy Minister says an extra diesel stock is a buffer against worsening conditions.&nbsp;
The Government's inked a deal with Z Energy for another 90 million litres of diesel to be stored at Marsden Point.&nbsp;
It's put up $21.6 million this month.&nbsp;
Shane Jones told Mike Hosking the deal provides a buffer in the event of a logistical problem or a clog in the supply lines.&nbsp;
He says it could come to pass that things will normalise in a much quicker way than the average “armchair critic” believes, but diesel-using Kiwis can feel assured this decision hasn't been made recklessly.&nbsp;
LISTEN ABOVE&nbsp;

Shane Jones: Associate Energy Minister on the deal with Z Energy to stockpile another 90 million litres of diesel

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/e4b6d9c3-caea-4549-97cc-b43a014d1e1b/transcript

Here's a small myth-busting exercise for you – things aren't as bad as you might think. 

Business sales from small and medium businesses are up and by quite a lot. They're up 21% in fact. 

Why would you buy a business at a time like this? 

You know why. Because life goes on and people have dreams and those dreams don’t get buffeted about by fiscal uncertainty. 

There were 27,000 confidentiality agreements signed in the past year. That's a lot of agreements. 

For an average of $800,000 you can buy your dream. Values are up, listings are up, demand is up (it's up more than listings), so prices are holding and the returns, multiple, is up. 

So a lot of people are doing fine, thank you very much. 

This is a nation of small businesses and all these numbers show is nothing changes that. Not a war, not petrol, not an election, and not the weather. 

If you ran a poll and asked, "is it a good time to buy a business", like they ask, "is it a good time to buy a major household item", you know what the answer would be. 

And yet life goes on. 

Now, for all the New Zealand First supporters about to text me and say it's all Indians, save your 20 cents. 

It isn't. 

It's another myth busted. 9.7% are Indians, 15% are Asian (so that will be Chinese and Koreans, maybe Filipinos), which leaves 67% identifying as European. 

So the idea this is all about migrants buying jobs is not the tsunami you thought it might be. 

I think these stats are a microcosm, or a small example of the disconnect between studies, surveys, polls, politics, news headlines, and what is really going on. 

The rhythm of New Zealand life gets buffeted about by issues of the day; the petrol price, the war, the spend. And why wouldn’t it? 

But if you believed the polls and the stats and the national conversation, as driven by the headlines, you'd think we were at home huddled in a corner waiting for the end. 

Yet we are not. We are buying businesses, planning the future, taking the risks and, God forbid, having a good time. 

What a shock. 

Here's a small myth-busting exercise for you – things aren't as bad as you might think.&nbsp;
Business sales from small and medium businesses are up and by quite a lot. They're up 21% in fact.&nbsp;
Why would you buy a business at a time like this?&nbsp;
You know why. Because life goes on and people have dreams and those dreams don’t get buffeted about by fiscal uncertainty.&nbsp;
There were 27,000 confidentiality agreements signed in the past year. That's a lot of agreements.&nbsp;
For an average of $800,000 you can buy your dream. Values are up, listings are up, demand is up (it's up more than listings), so prices are holding and the returns, multiple, is up.&nbsp;
So a lot of people are doing fine, thank you very much.&nbsp;
This is a nation of small businesses and all these numbers show is nothing changes that. Not a war, not petrol, not an election, and not the weather.&nbsp;
If you ran a poll and asked, "is it a good time to buy a business", like they ask, "is it a good time to buy a major household item", you know what the answer would be.&nbsp;
And yet life goes on.&nbsp;
Now, for all the New Zealand First supporters about to text me and say it's all Indians, save your 20 cents.&nbsp;
It isn't.&nbsp;
It's another myth busted. 9.7% are Indians, 15% are Asian (so that will be Chinese and Koreans, maybe Filipinos), which leaves 67% identifying as European.&nbsp;
So the idea this is all about migrants buying jobs is not the tsunami you thought it might be.&nbsp;
I think these stats are a microcosm, or a small example of the disconnect between studies, surveys, polls, politics, news headlines, and what is really going on.&nbsp;
The rhythm of New Zealand life gets buffeted about by issues of the day; the petrol price, the war, the spend. And why wouldn’t it?&nbsp;
But if you believed the polls and the stats and the national conversation, as driven by the headlines, you'd think we were at home huddled in a corner waiting for the end.&nbsp;
Yet we are not. We are buying businesses, planning the future, taking the risks and, God forbid, having a good time.&nbsp;
What a shock.&nbsp;

Mike's Minute: It's not as bad in business as you think

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/385b6c4d-1b9b-4586-b334-b43901666a0b/transcript

Returning after a long and packed weekend, Andrew Saville and Jason Pine joined Mike Hosking to wrap the weekend’s sporting news. 

On today’s agenda: 

The success of the first Super Round at Christchurch’s One NZ Stadium and the Super Rugby Pacific results.  

The looming fight between Tyson Fury and Anthony Joshua. 

Plus, Sebastian Sawe has become the first man to run a marathon in under two hours and they touched on the NFL draft.  

LISTEN ABOVE 

Returning after a long and packed weekend, Andrew Saville and Jason Pine joined Mike Hosking to wrap the weekend’s sporting news.&nbsp;
On today’s agenda:&nbsp;
The success of the first Super Round at Christchurch’s One NZ Stadium and the Super Rugby Pacific results. &nbsp;
The looming fight between Tyson Fury and Anthony Joshua.&nbsp;
Plus, Sebastian Sawe has become the first man to run a marathon in under two hours and they touched on the NFL draft. &nbsp;
LISTEN ABOVE&nbsp;

Commentary Box: Andrew Saville and Jason Pine discuss Super Round, Fury v Joshua, NFL

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/3f7425cb-2ac7-4adf-9b9d-b4390163aa75/transcript

Gabby Lewis: Criminologist on growing threat of fraud and scam networks to New Zealanders

In 1 playlist(s)

The Mike Hosking Breakfast

Social links

Follow podcast

Recent clips