This report provides insight into the scams targeting Australians in 2024 and highlights the impact of combined efforts by government, law enforcement, community sector and industry to combat these financial crimes. This is the second Targeting Scams Report produced by the National Anti-Scam Centre since its establishment on 1 July 2023. The National Anti-Scam Centre’s […]
Tag: Confirmation of Payee (CoP)
Australian banks launch new defence in battle against scammers
Australian banks have today unveiled their latest scam fighting technology, with the launch of Confirmation of Payee – a new name-matching service designed to help protect customers from being tricked into sending money to criminals. Banks have invested $100 million in this new technology which is a key initiative of the sector’s Scam-Safe Accord – […]
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How the Scam-Safe Accord is Making Banking Safer for Australians
With digital scams on the rise, Australians are demanding stronger protections for their finances. The Scam-Safe Accord, launched in late 2023, is a powerful new framework uniting major banks, regulators, and consumer advocates to tackle scams head-on and make banking safer than ever before. What Is the Scam-Safe Accord? The Scam-Safe Accord is a […]
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