Scam Safe Accord stories
NAB now requires new online customers to take biometric selfies and scan ID documents to combat fraud and enhance account security from September.
As AI-enhanced scams become more sophisticated, Australians lost AUD $2.74 billion to scams in 2023. Experts advocate integrating identity management with fraud prevention to bolster security.
Australia's banking sector unveiled the Scam Safe Accord, a comprehensive plan that includes advanced tech tactics to combat an AUD $3.1 billion scam crisis that surged by 253% over two years.
