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28 September 2021
A deep dive with industry experts
On 23 September, ABA CEO Anna Bligh hosted Detective Superintendent Matt Craft, Commander of the Cybercrime Squad, and Dr David Lacey, Managing Director of IDCARE, in this scams and cybercrime webinar.
Topics covered included:
- ‘Upstream’ issues for regulators, law enforcement and industry,
- telco involvement, such as Telstra blocking 13 million scam calls,
- the link between offshore and local scammers,
- the irregular approach across Australia to ID reclamation and cybercrime – with NSW the only state with a dedicated cybercrime squad,
- the need for regulators to speed up their interoperability with their overseas counterparts – and
- advice from the experts on the topic on how to avoid being stung by a scammer.
The webinar lasts for one hour, including a Q&A:
- Last year, Australians lost more than $851 million to scams.
- A recent survey by the ABA shows that 37% of Australians know a close friend, family member (or themselves) who’ve lost money to a scam.
- 66% of Australians fend off a scam every week.
- 29% of Australians report fending off a scam attempt every day.
Latest news
Australian banks strongly support the RBA’s proposed ban on debit and credit card surcharges, while overwhelmingly calling for an alternative pathway forward on interchange fees. The ABA has made the following calls in a submission to the RBA’s current consultation on the Review of Merchant Card Payment Costs and Surcharging: ABA CEO Simon Birmingham said… Read more »
Australia’s banks welcome the passing through the Senate of new legislation to ensure payments laws are up-to-date and reflect today’s digital economy. The new laws will bring digital wallets, cash distribution services, buy now, pay later schemes and other emerging payment methods within regulatory oversight, significantly enhancing protections for customers. ABA CEO Simon Birmingham said… Read more »
The ABA welcomes the passage through the House of critical legislation to ensure Australia’s payments regulatory framework is brought up-to-date and urges the Senate to quickly pass this overdue legislation too. The proposed legislation will bring digital wallets, cash distribution services, buy now, pay later schemes and other emerging payment methods within regulatory oversight, significantly… Read more »