Combating Scam Attacks in Australia and New Zealand

As technology evolves, scams and the social engineering they facilitate are becoming more sophisticated. In the evolving scam landscape financial organisations need the ability to quickly identify new threats and adopt new fraud prevention controls to ensure the continuity of business operations.

This paper is designed to explore the risks, and challenges of scam attacks and how banks can extend the use of data, through machine learning and analytics, combined with real-time detection and decisioning, to stop the attacks in their tracks to protect their customers and reputation.