“This will help bring back flexibility and discretion for banks to help customers in need,” said Banking Association chief executive Roger Beaumont.
Author: Philip vanDyk
Banks call for government aid in anti-scam efforts
“We’re also asking the government to help remove any regulatory barriers to the Anti-Scam Centre working effectively, and to set scam prevention expectations for other industries,” Beaumont said.
Bank lobby group to ‘investigate’ a voluntary reimbursement scheme for their customers who become scam victims, throws down the gauntlet to the Government for help with Anti-Scam Centre
“Banks have launched phase one of the Anti-Scam Centre by identifying and sharing more information faster about mule accounts. We’d like to see other sectors in the scam ecosystem contribute to the Anti-Scam Centre, and the Government can help encourage them to do so,” Beaumont says.
Banks want government support for anti-scam centre after crims pilfer millions from Kiwi victims
“To truly strengthen New Zealand’s scam defences, everyone in the ecosystem needs to step up, and that includes government, telcos, social media companies, and search engines. Banks can’t protect New Zealanders on their own.”
Banks seek government support for Anti-Scam Centre
The banking industry has asked the government to support a New Zealand Anti-Scam Centre, as part of a response to recent ministerial requests on scam prevention. In a letter to commerce and consumer affairs minister Andrew Bayly, New Zealand Banking Association chief executive Roger Beaumont asked the government to consider leading scam prevention in New… Read more »
Banking industry wants police, GSCB, social media firms to support Anti-Scam Centre
“To truly strengthen New Zealand’s scam defences, everyone in the ecosystem needs to step up … Banks can’t protect New Zealanders on their own.”
‘Lead the way on scams’, banks tell Government
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.
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.”
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