2min chapter

ABC News Daily cover image

2024 picks: Would you fall for the ‘elaborate’ new scams?

ABC News Daily

CHAPTER

The Role of Banks in Scam Prevention

This chapter delves into the critical role banks play in safeguarding consumers against scams and the technologies they're adopting, like name-checking, to prevent misdirected payments. It also critiques the slow advancement of the banking sector in enhancing their scam detection capabilities, as highlighted by recent reports.

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