Scams, Banking, Social media, Australia news, Australian politics Business | The Guardian
Measures would see companies failing to meet anti-scam obligations forced to pay compensation, government saysFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastBanks and social media companies are set to receive fines of up to $50m and could be forced to pay compensation if they do not protect customers from scams, under a crackdown proposed by the federal government.Telecommunication companies will also be affected by the measures, after the government ignored calls to follow a similar path to the UK, where banks are solely responsible for protecting customers.Sign up for Guardian Australia’s breaking news email Continue reading…
Measures would see companies failing to meet anti-scam obligations forced to pay compensation, government says
Follow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcast
Banks and social media companies are set to receive fines of up to $50m and could be forced to pay compensation if they do not protect customers from scams, under a crackdown proposed by the federal government.
Telecommunication companies will also be affected by the measures, after the government ignored calls to follow a similar path to the UK, where banks are solely responsible for protecting customers.
