NAB Launches NAB Nexus to Combat AI-Driven Cyber Threats

NAB has established NAB Nexus, a 24/7 integrated operations hub to address increasing scams, fraud, and cyber-attacks in Australia. The hub combines frontline responders from technology, cybersecurity, fraud, payments, and physical security to enhance threat detection and response. NAB's CEO Andrew Irvine emphasized the need for real-time intelligence sharing to combat complex threats that often intersect. In 2025, Australians faced scam losses totaling $2.18 billion, with over 84,700 cybercrime reports received by the Australian Signals Directorate in FY2024-25. NAB has invested over $900 million in fraud and cyber protections, including AI and advanced analytics. The hub aims to provide continuous monitoring and coordinated responses to threats, operating year-round. NAB also renewed its partnership with the Australian Federal Police to further disrupt financial crime.

Key Points: • NAB Nexus is a new 24/7 operations hub for real-time threat detection. • Scam losses in Australia reached $2.18 billion in 2025, highlighting the growing threat. • NAB has invested over $900 million in cybersecurity measures and AI technologies.