CBA Group Fraud Management Services general manager James Roberts said the new AI technology was set to reduce the millions of dollars Aussies are scammed of every year.
Highlights
- Australia has one of the highest rates of scams in the world with Aussies estimated to have lost more than $2bn
- The majority of losses to investment scams involved crypto investments, with $113 million reported lost this year
- Commonwealth Bank (CBA) introduce new artificial intelligence (AI) technology to detect suspicious and unusual behaviour to protect customers from scams
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