Scams: Banks stop thousands of attacks a minute
Cybercriminals are coaching victims, recruiting money mules and ramping up attacks. Banks are in the business of making this an expensive exercise.
Source: smh.com.au
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ANZ customer loses $460,000 to Thai scammers before bank reimburses Hobart father
Cruel scammers targeted an elderly man with dementia and stole his life savings but in an almost miraculous outcome the bank returned it all after the 78-year-old's son intervened.
Source: dailymail.co.uk
ANZ builds foundation to stamp out mules
Pilot helped root out scam fund accounts
Source: insurancebusinessmag.com
ANZ, Westpac continue to combat scams
Both invest in new scam detection and prevention measures
Source: brokernews.com.au
Voluntary anti-scam code wouldn't stop scams: Shayne Elliott
The chief executive of ANZ bank has said that he would not sign up to any code that called on banks to refund any more than a fraction of funds lost by its customers to scammers.
Source: theadviser.com.au