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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.
“The Australian Banking Association (ABA) welcomes the agreement reached today on the proposed safeguard mechanism reforms, given it paves the way for the passing of a critical piece of legislation for Australia.
“This is about engaging with the entire banking ecosystem in order to ensure the accessibility of the sector’s services are best serving our diverse community now, and into the future.”
“What is underpinning this bank failure is a number of things, but not least of all, it’s a very niche bank with high exposure to one part of the economy. And that’s the part of the economy that’s been quite volatile and troubled”