Australia Set to Enforce New Anti-Scam Legislation, Targeting Internet Giants to Curb Growing Online Frauds
Canberra, Australia – Australian authorities are preparing legislation aimed at cracking down on internet scams by imposing stringent rules on tech companies, which could face harsh penalties for hosting fraudulent content. This aggressive push by the Australian Competition and Consumer Commission (ACCC) in partnership with the treasury department highlights the government’s resolve to combat an escalating cybersecurity threat that has cost Australians significantly. Cyberscams, particularly those involving cryptocurrency schemes using public figures to lure victims, have surged. A high-profile case brought forward by mining magnate Andrew Forrest, who is suing Meta Platforms Inc. in California, … Read more