Telstra and Commonwealth Bank launch Fraud Indicator to detect identity theft through unusual mobile usage.

Telstra and Commonwealth Bank of Australia have launched a new technology called Fraud Indicator to help detect identity theft by analyzing unusual mobile service usage. This follows the launch of Scam Indicator, which intercepts suspected scam calls. Fraud Indicator is expected to boost CommBank's fraud detection rate by over 25% and will be available to additional partners. Despite a decline in reported losses, scam-related fraud is still rising in Australia, with identity theft affecting about 200,000 people in the last financial year.

1 month ago
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