The NZBA has requested operational support from other government agencies, that letters of expectation be sent to relevant industry participants such as telcos and social media companies, and that the Commerce and Consumer Affairs minister help co-ordinate action.
Month: April 2024
Faces of the victims: The 25 scam casualties who lost $6.7 million to fraud
“Scams aren’t just a bank problem – people are deceived by fake websites, emails, texts, and social media ads. Government and other industries, particularly social media companies, also need to step up.”
Kiwis want more protection against bank fraud and cybercrime
Banks already invest significantly in fraud analytics and prevention to identify unusual customer spending patterns, warn customers of potential scams, and shut down fake bank websites and phone numbers used in scams, he says.
Banking sector launches review of fraud reimbursement rules after threat of Govt regulation
“To truly strengthen New Zealand’s scam defences, everyone in the ecosystem needs to play their part – and that includes government, telcos, social media companies, and search engines. Banks can’t protect New Zealanders on their own.”
BNZ to chair New Zealand Banking Association
BNZ chief executive Dan Huggins has been elected chair of the New Zealand Banking Association and took up the role on 1 April. ANZ chief executive Antonia Watson was elected deputy chair. The chair and deputy chair take on their respective roles for two years. Mr Huggins says it’s an honour to represent the New Zealand… Read more »
Huggins and Watson take on chair and deputy chair roles at NZ Banking Association
The chief executives of BNZ and ANZ banks have been elected chair and deputy chair of the New Zealand Banking Association.
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