CBA launches anti-scam capabilities

Commonwealth Bank of Australia (CBA) is enhancing Australia's anti-scam capabilities by integrating into a new intelligence-sharing loop, co-designed by AFCX and NASC.

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Commonwealth Bank of Australia (CBA) is enhancing Australia's anti-scam capabilities by integrating into a new intelligence-sharing loop, co-designed by AFCX and NASC.

This enables faster information exchange between industries to combat scams, with an initial focus on reducing SMS phishing scams.

CBA has contributed over 1,200 scam entries, and its fraud team helped develop the loop's infrastructure.

This collaborative approach across industries is key to strengthening Australia's defenses against scams and reducing customer losses.

ASX Code: CBA