Kiwis scammed out of $265m in 12 months
Retail banks have implemented new fraud intelligence technology to help stop scammers using accounts to move stolen money.
According to the new data, $139m came from unauthorised transactions.
Scammers have put Kiwis $265 million out of pocket in the past 12 months, despite banks strengthening measures to prevent customers from fraud.
The first Reported Fraud Monitor report by Payments NZ has been released as part of Fraud Awareness Week. The report provides an overview from 12 banks and
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