In September 2022, Optus announced that it was subject to a data breach, exposing the personal details of millions of individuals and businesses Australia-wide
Fraud control testing capability has been expanding in Australia and in other international jurisdictions such as the United States (US) over the last few years. Now, it is heading to the United Kingdom (UK).
The best way to manage fraud is to focus efforts on developing a strong culture that promotes and values fraud prevention. If you can’t find fraud, you can’t fight it.