HomeBusinessNew Laws to Hold Tech Giants, Banks, and Telcos Accountable for Scams

New Laws to Hold Tech Giants, Banks, and Telcos Accountable for Scams

Stricter Regulations to Protect Australians from Scams

The Australian government is planning new mandatory codes for banks, telcos, and tech giants to better protect scam victims. 

These businesses will be required to detect, prevent, and respond to scams more effectively or face massive fines. The draft legislation is set for consultation, with laws expected later this year.

Source ABC

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