AI powers fraud prevention for government
The Australian government actively enhances its digital transformation by integrating Artificial Intelligence (AI) into fraud prevention systems across public sector operations. Agencies adopt advanced technologies,
Credit card fraud impacts 1.8 million Australians
New data has revealed that Australians are facing an alarming surge in fraudulent credit card purchases and withdrawals. A cyberattack on a national law firm
Australia combats student visa system fraud
Australia has implemented strong measures to tackle the issue of fraudulent activities in the student visa system. According to AACRAO, the government has implemented strict
Government’s steps secure public trust against fraud
The Australian government is swiftly developing resilient anti-fraud measures as part of its unwavering commitment to safeguarding public trust and financial integrity. Recent developments indicate
Government unveils fraud scam tactics
In recent years, there has been an increase in sophisticated fraud targeting government bodies in Australia, raising concerns. The study methodically investigates the procedures essential
Don’t pass the buck, effective financial controls mitigate fraud
The Latitude Financial, Optus, and Medibank cyber attacks that impacted millions of Australians in the past 12 months have made it clear that bolstering cyber
$86.5M National Anti-Scams Centre to protect Aussies from rising fraud threat
In an effort to protect Australians from falling victim to scams and online fraud, the federal government has unveiled a comprehensive $86.5 million package to
Australian banks launch digital platform to stop scammers
Australian banks have unveiled a new digital platform designed to swiftly detect and freeze money being sent to scammers. The Fraud Reporting Exchange (FRX)
Australians lost more than $3bn to scammers in 2022. Here are 5 emerging scams to look out for
The Australian Competition and Consumer Commission’s latest Targeting Scams report indicates Australians reported more than A$3 billion lost to fraud in 2022. This is about
Adopting behavioural biometrics revealed as key to counter fraud
LexisNexis® Risk Solutions has published a whitepaper exploring the challenges in addressing sophisticated fraud threats due to increased digital adoption and high expectations for online transactions.
Financial crime in Superannuation: the risk is real
Superannuation is a long-term investment and has strict restrictions on when funds can be accessed. Therefore, the risk of crime in the superannuation industry has
Federal government looks into $8B Medicare fraud reports
A joint investigation by ABC and Nine has uncovered an $8 billion annual leakage in the Medicare system, prompting the federal government to look into