Business News

Why Commonwealth Bank’s $1 billion suspected loan fraud should change how we bank and do business

Written by Toby Walsh, Professor of AI, Research Group Leader, UNSW Sydney

The Commonwealth Bank reportedly suspects around A$1 billion in home loans were obtained fraudulently, including through AI-generated documents. The Australian Financial Review says the bank has reported itself to police and the corporate watchdog to investigate.

According to sources quoted in the newspaper, Australia’s largest bank...

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Why Commonwealth Bank’s $1 billion suspected loan fraud should change how we bank and do business
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Why Commonwealth Bank’s $1 billion suspected loan fraud should change how we bank and do business

Reduce Your Operating Costs with 5 Strategies

One street tree can boost Sydney house prices by $30,000 – or cost $70,000 if it’s too close: new study

AI can slowly shift an organisation’s core principles. How to spot ‘value drift’ early

Why Commonwealth Bank’s $1 billion suspected loan fraud should change how we bank and do business

New study finds 6 types of ‘discouraged’ workers in Australia – and why they stop job-hunting

Why India joining the US alliance on AI tech is an opportunity for Australia

Traditions of Rural Bali at Villa Sabana

Essential Reasons to Opt for a Professional Valuation Before Selling Your Commercial Property

What is an ETF? And why is it driving Bitcoin back to record high prices?

Ransomware attacks are a risk to business reputation

The Benefits of Hiring Interstate Removalists vs. DIY Moving

Why I Decided to Build a Better Way to Build Homes

Leonardo.Ai reveals new brand, expanding its creator-first platform for the next era of generative AI

Psychosocial injury risk starts inside workplace microcultures

2025 Thryv Business and Consumer Report - Australian small businesses show grit under pressure

Security by Default: Why 2026 Will Force Organisations to Rethink Cloud and AI

UNSW launches plan to help Aussie startups scale overseas

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