The Commonwealth Bank of Australia (CBA) has alerted authorities to a possible fraud racket that obtained approximately $1 ...

If you’re one of CommBank’s 17 million customers, don’t panic. But given how well AI can now fake documents, all banks will need to rethink their security.

Commonwealth Bank has reported itself to police over $1 billion worth of possible mortgage fraud, claiming there’s been a ...

The bank’s application processes and the way documents are verified leave it vulnerable. The sector must lift its game to protect the integrity of the market.

Westpac and ANZ have reported suspected illegitimate borrowing, joining NAB and Commonwealth Bank on concerns the washing of illicit funds is systemic.

In a move against the rise of cyber fraud, Australia’s Westpac Banking Corporation has unveiled innovative tools to fortify customer protections, coinciding with a notable downturn in scam-related ...

The Commonwealth Bank of Australia (CBA) has reported itself to the police after discovering what could be one of the largest fraud cases it has faced, with AI being used in the process.

Without automated bank account verification in place, organizations leave themselves wide open to costly, damaging fraud ...

Ian Williams has brought a whole new meaning to "taking on the big guy". When scammers stole from the pensioner the bank blamed him. So he launched a $379 million lawsuit to "make it right".