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$1.5+bn in Fraud Blocked in 2025 as Australian Lenders Reported Increasing Credit Application Manipulation and Money Mule activity
17th Mar 2026

New insights from the Equifax Fraud Index Report – 2025 year in review reveals Australian lenders spent 2025 fighting an ongoing battle against fraudsters, successfully preventing over $1.5 billion worth of reported fraudulent financial applications before they occurred. 

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Equifax is aware of an ongoing SMS phishing campaign targeting people impacted by the Optus data breach. DO NOT click on the link, respond to the sender or enter your personal information. Equifax will never ask you to validate your identity by providing your credit card details. 

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Business credit demand has increased year-on-year in the September quarter, returning to growth following a dip in Q2. 

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Equifax data shows strong demand for unsecured credit, while buy now pay later growth eases and mortgage demand continues to fall 

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Market conditions tighten the reins on financial management, requiring a sophisticated 360-customer view, according to the National Credit Managers Survey 2022 from Equifax

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Demand for mortgages continues to decline as the market adjusts downwards 

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Business credit demand has declined year-on-year as external pressures including interest rate rises, inflation and supply chain pressures begin to hit home for Australian businesses.

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Equifax has announced the enablement of its partnering arrangement with enterprise HR software company Tambla.

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To help retailers reduce online payments fraud while also meeting increasingly high customer expectations, Equifax has announced the launch of Kount in Australia.

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Rising rates of construction industry insolvencies and cost of living pressures continue to place a heavy financial burden on sole traders and small business owners, who make up 97% of construction companies.

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