Finance in Focus Portal
ANZ warns customers to be vigilant to business email compromise and fake invoice scams
ANZ has urged customers to be on alert for the warning signs of business email compromise and fake invoice scams, also known as payment redirection scams, as cybercriminals look to take advantage of businesses and individuals by exploiting vulnerabilities in email systems and financial processes.
Scam prevention: Westpac SafeBlock – Stopping scammers in their tracks
Westpac has announced the introduction of SafeBlock, a new feature that allows customers to immediately block their account when they suspect they are being scammed. The technology adds an extra layer of defence in the fight against scams and fraud.
Scam prevention: CBA research shows less than 10 per cent of Aussies would discuss their scam experience with family
New research commissioned by CommBank shows more than 90 per cent of Aussies believe that talking about scams with their loved ones will help to build awareness, however only 8 percent say they would be comfortable discussing with family about being scammed.
Gadens: Legal insight | Introduction of the Scams Prevention Framework
AFIA Associate Member, Gadens has published an online article which provides a helpful introduction to the Scams Prevention Framework, setting out the principles of the Framework, the regulatory structure that underlies the Framework, and what it means for regulated entities captured by the Framework.