David Pegley News Today

Cryptocurrency platforms in Australia are reportedly being used to launder nearly half of the proceeds from financial scams.

The Australian Financial Crimes Exchange (AFCE) has found that 47% of scam funds were sent to crypto exchange accounts in the last month.

Telecommunications provider Optus has partnered with the Australian Financial Crimes Exchange (AFCX) and major banks to introduce the “Call Stop” init...

Optus became the first operator in the country to team with government-backed organisation AFCX in a continued effort to fight off SMS scams.

Optus has just revealed a new anti-SMS scam system that's being deployed to its customers, the creatively named Call Stop.

The SAFPS research shows that identity theft has grown by more than 300% between 2021 and 2022.

A new Fraud Reporting Exchange digital platform has been launched

As financial institutions around the world tighten up on security measures for the opening and operating of bank accounts, criminals are increasingly using money mules.

The banks are stepping up their efforts in the scam detection and prevention department, launching a new reporting service designed to facilitate rapid notification of fraudulent payments transferred or en route to another bank.