Proactive Measures to Combat Fraud and Protect Finances

This chapter explores the proactive approach taken by the Australian Banking Association to address fraud in the financial industry and compares it to similar approaches in the UK and the Netherlands. It emphasizes the importance of using technology, like biometrics, to mitigate fraud and includes discussions on the politicization of security measures. The chapter also mentions the collaboration between industry players and regulatory authorities to make the market less appealing to fraudsters.

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