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PayDay News | Australian Payments News

Scams & Fraud

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

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 ...
Banks, telcos and Big Tech are now legally on the hook for scams, but some warn auto-refunds could be a honeypot for crooks

Banks, telcos and Big Tech are now legally on the hook for scams, but some warn auto-refunds could be a honeypot for crooks

A plan to automatically reimburse scam victims with verified losses below $3,000 could backfire, according to Australian Telecommunications Alliance boss Luke Coleman. ...
AP+ compliance breaches shrouded in secrecy as incident concerns rise

AP+ compliance breaches shrouded in secrecy as incident concerns rise

A published "naughty list" of NPP breaches fails to properly name the companies responsible or the penalties applied, despite increasing concern about ...
Scamwatch warns of fake crypto platform scams

Scamwatch warns of fake crypto platform scams

The Australian Securities and Investment Commission (ASIC) and the National Anti-Scam Centre (NASC) have warned Australians to be on the lookout for ...
Budget plan to share tax data could reduce mortgage fraud

Budget plan to share tax data could reduce mortgage fraud

ATO data shared via the Consumer Data Right may not just speed up rental and loan applications, but also help the banks ...
No return date for Revolut PayTo as company clams up in wake of $3m social media zombie fraud

No return date for Revolut PayTo as company clams up in wake of $3m social media zombie fraud

Wannabe Aussie bank Revolut has declined to name a date for the return of its PayTo service after 250 of its “dormant” ...

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The Interchange Bench

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