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PayDay News | Australian Payments News

Scams & Fraud

News about scams, fraud and financial crime statistics and measures to prevent them.

Treasury maps 40-year payments threat from AI and fragmentation

Treasury maps 40-year payments threat from AI and fragmentation

The Intergenerational Report warns AI-powered scams, cyberattacks and geopolitical fragmentation will reshape payment risks, while Payday Super embeds payments infrastructure in Australia’s ...
Australians spared from Revolut data breach

Australians spared from Revolut data breach

Australian customers were not impacted after the global fintech was tricked into handing sensitive customer information to scammers raising fresh concerns about ...
ASD warns Australian online stores under active cyber attack

ASD warns Australian online stores under active cyber attack

Australian merchants using Adobe Commerce and Magento were last week urged to apply security patches immediately after authorities warned a critical vulnerability ...
AUSTRAC issues AML/CTF notices to non-enrolled businesses

AUSTRAC issues AML/CTF notices to non-enrolled businesses

Businesses that play an important role in helping detect and prevent money laundering but are not enrolled under Australia’s AML and CTF ...
AUSTRAC: payment platforms need better fraud checks

AUSTRAC: payment platforms need better fraud checks

AUSTRAC has confirmed payment platforms are included in its mortgage fraud crackdown, with CEO Brendan Thomas pointing to source-of-funds verification as the ...
Thriday, pay.com.au hit by mirror email platform breaches

Thriday, pay.com.au hit by mirror email platform breaches

pay.com.au and Tyro-owned Thriday have both warned customers about phishing emails after a third-party platform used to design and send their emails ...
RBA tackles fraud complexity, but what about “friendly fraud”, chargebacks and fees?

RBA tackles fraud complexity, but what about “friendly fraud”, chargebacks and fees?

The Reserve Bank of Australia (RBA) has opened a major debate on the future of payments security but one issue affecting thousands ...
NAB launches Nexus hub as cyber threats surge

NAB launches Nexus hub as cyber threats surge

NAB has unveiled a new around-the-clock operations hub that brings together cyber, fraud, payments and security teams as Australian banks confront increasingly ...
Banking giant HSBC hit with $35m penalty over systemic scam protection failures

Banking giant HSBC hit with $35m penalty over systemic scam protection failures

The Federal Court says failures by the Australian arm of London-based banking giant HSBC to protect scam victims were serious and systemic, ...
Home Affairs wants telcos and cloud giants to stop cyber threats upstream

Home Affairs wants telcos and cloud giants to stop cyber threats upstream

The new Horizon 2 plan leans on the companies sitting above your screen, the telcos and cloud operators, to kill attacks at ...
Terminal upgrade looms as RBA widens payments security focus

Terminal upgrade looms as RBA widens payments security focus

Australia's banks and card acquirers face a technology overhaul of the nation's card payments infrastructure as regulators intensify their focus on cryptographic ...
Inside a Telstra impersonation scam that hit a Sydney grandmother

Inside a Telstra impersonation scam that hit a Sydney grandmother

I'm writing about this scam because the mechanics of it map almost perfectly onto the scam categories regulators are now trying to ...

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Visa says we’re living in age of the “couch economy”

Azupay and Curtin University accelerate PayID

Banks build tokenised defence as wholesale finance falls behind

RBA backs its own cash but leaves industry to finish the job

Taylor takes ASB helm as New Zealand payments pressure builds

Aussie crypto poised to “explode” but barriers remain

Westpac drops to a 0.79% flat rate but excludes Amex

Westpac first NZ bank cleared to issue digital credentials

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