The Development: On 13 February 2025, the Australian Federal Parliament passed the Scams Prevention Bill 2025 (Cth) ("Bill"), the first of its kind worldwide. The Context: The Bill comes after the ...

While the number of reported fraud cases is down, Australians lost 28% more money to online scams in the first four months of the year, compared to the same period in 2024. See Also: Small Business.

Artificial intelligence is accelerating scam activity among Australians aged 50 and over, with one in four reporting ...

Digital scams cost Australians millions of dollars each year - and they’re becoming more convincing than ever.  From SMS ...

Australia introduced the world to the first-ever scam prevention law that promised to make the country the hardest place on earth for fraudsters. Eight months later, it's trapped in bureaucratic limbo ...

SYDNEY (Reuters) - Meta said it has taken down some 8,000 so-called "celeb bait" scam ads from Facebook and Instagram as part of a new effort with Australian banks to curb the practice. The scams use ...

HSBC's Australian unit is being sued by the country's securities watchdog agency for failing to protect local customers from scams, resulting in A$23 million (US$14.65 million) of losses. The ...

ASIC Deputy Chair Sarah Court said the regulator has beefed up its scam enforcement to include monitoring social media ads. Update Aug. 24, 11:40 pm UTC: This article has been updated to include more ...

In response to the growing threat of financial scams, the Australian Government has passed the Scams Prevention Framework Bill 2025. The Scams Prevention Framework (SPF) imposes a range of obligations ...

Once upon a time, when the phone rang it was either someone you knew or a wrong number. Times have changed, unfortunately, ...