It’s a frustrating loop that risk and security teams know all too well. Even with robust verification protocols in place, scammers still find ways to exploit hidden blind spots - using tools like deepfakes, AI replication or synthetic profiles to bypass fraud defences.
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Is your HR team sharing employee details with lenders? Then your employees and company might be at risk. Find out if they are - and what you can do about it.
While eCommerce fraud attacks are nothing new, bad actors are becoming ever more sophisticated. The rise in online commerce accelerated by the pandemic has increased the threat to the extent that eCommerce merchants may lose $US24 billion to online payment fraud by 2024¹. The remote purchase of physical goods is the leading culprit, accounting for over 47% of online payment fraud losses in 2021².
Mortgage demand fell -4.6% in Q1 2022, marking the first decline in more than two years according to the latest Equifax Quarterly Consumer Credit Demand Index (Mar 2022).
With the right data, it's possible to see the early warning signs when a building firm like Probuild starts to struggle. A data-driven assessment conducted after Probuild's demise shows there were plenty of danger signals in the years leading up to its unfortunate demise.
Rising rates of insolvency in the construction industry are putting significant pressure on sole traders and small business owners in the sector, according to new data from Equifax, the global data, analytics and technology company.
Equifax has signed an agreement with the Australian Taxation Office (ATO) to receive commercial tax default data, with the intention of displaying this information in its commercial credit reports. The inclusion of commercial tax default data in Equifax reports will provide customers with actionable data during the credit application process that was previously not available, allowing them to evaluate risk more accurately.
Identity crime costs Australia an estimated $36 billion each year, with one in four Australians falling victim to identity or cybercrime in their lifetime according to the Australian Institute of Criminology (AIC). Equifax, the global data, analytics and technology company, today announced the launch of its Employee Protect product, designed to help Australian businesses keep their employees safe from identity theft and cybercrime.
Combating cybercrime may now be the single most crucial risk-management activity for every Australian company.
Wherever there is data, there are answers. But there are right answers, and there are wrong answers.
Good-quality data can be relied upon to give valuable insights for better decision making, but the same can't be said of low-quality data. Data that is incomplete, dated or not fit for purpose can result in inaccurate or misleading outcomes.
