The National Australia Bank (NAB) has implemented several measures in the last six months to protect customers from cryptocurrency scams as their frequency has increased this year. For one, the bank has introduced payment prompts, which has led to customers abandoning 12% of payments, according to insights from the NAB app.

The NAB Has Intervened in $270M Worth of Payments

In a recent announcement, the NAB revealed that it has intervened in over $270 million worth of customer payments that were suspected to involve scams. In 12% of these stances, the bank convinced customers to abandon the payments. 

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