Report
The Evolution of First Party Fraud in Australia
Find out how first party fraud is evolving in Australia amid the financial pressures of rising inflation and rising interest rates.
Making ends meet during inflationary times
While first party fraud is not new, it is important for brokers and financial institutions to adapt security measures to the latest fraud patterns, as the economy evolves and new pressures are placed on consumers.
The following report analyses research commissioned by GBG to understand how fraud, particularly first party fraud, is evolving in Australia amid the financial challenges of the pandemic.
19%
Australians believe it’s OK to tell a ‘white lie’ when applying for a loan
12%
Australians have knowingly omitted a liability from a loan application
34%
felt they had no other choice for omitting a liability from a loan application
Download the Report
The Evolution of First Party Fraud in Australia