The Cost of Fraud in NZ & Australia

Fraud costs businesses billions each year, and New Zealand and Australia are not immune. The latest 2024 Fraud Report to the Nations reveals that organisations lose an estimated 5% of their annual revenue to fraud—a staggering financial hit in today’s economic climate.

Even more concerning? The average fraud case lasts 12 months before detection, with some running for years, causing losses in the hundreds of thousands.

According to Datacom’s latest Business Outlook Report, economic uncertainty will be a top business concern in 2025. Now is the time to act. Fraud doesn’t just impact finances—it erodes trust, disrupts operations, and damages reputations.

• Do you have the right fraud detection controls in place?
• Could a fraudster be operating in your organisation right now?
• Are you leveraging AI-powered fraud prevention to stay ahead of evolving threats?
  
  

VigilantPay's [Fraud Protection Software] is designed to proactively detect and prevent fraud before it becomes a crisis. With real-time monitoring, AI-driven anomaly detection, and compliance-ready reporting, we help businesses across New Zealand and Australia mitigate fraud risks with confidence. Let’s discuss how we can strengthen your defenses.