AU
Scams & Fraud
Latest Australian scams & fraud news and updates
Scams & Fraud
ASIC Warns of AI-Powered Crypto Investment Scams Targeting Young Australians on Messaging Platforms
The Australian Securities and Investments Commission has issued an alert warning consumers about sophisticated, AI-driven crypto-asset investment scams. Operating on popular messaging apps like WhatsApp, these schemes use deepfakes and fake trading data to deceive younger investors.
Scams & Fraud
CommBank issues urgent alert as sophisticated 'pump and dump' scams target Australian investors
Commonwealth Bank has issued a critical alert warning investors of sophisticated 'pump and dump' schemes using AI deepfakes and fake social media ads to target Australians.
Scams & Fraud
AUSTRAC Warns of Surge in AI-Enabled Financial Fraud as Lenders Bolster Defences
AUSTRAC has issued a major warning regarding a 45% surge in AI-assisted illicit flows, prompting lenders to implement automated fraud detection. New AML/CTF regulations are set to take effect on July 1, 2026, to combat increasingly sophisticated financial crime.
Scams & Fraud
Millions of Australians Urged to Change Passwords After Major Super Fund Hack
Regulators have issued urgent warnings to the A$4.2 trillion superannuation sector to bolster cyber resilience following historical breaches and new AI-powered threats. The move follows the 2025 credential stuffing attacks where A$500,000 was stolen from member accounts.
Scams & Fraud
Customer Owned Banking Association Issues Warning Over Fuel Crisis Phishing Scams
The Customer Owned Banking Association has warned Australians of sophisticated phishing scams exploiting the fuel crisis to steal credit card information.