Australian Competition and Consumer Commission (ACCC) stories
Australia's scam prevention law aims for AUD $50m fines
This month
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uc
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collaboration
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telco
Australia's new Scam Prevention Framework compels banks and telecoms to tackle rising scams, with fines of up to AUD $50 million for non-compliance.
Bitdefender launches AI platform to tackle online scams
Last month
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edutech
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phishing
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email security
Bitdefender has launched 'Scam Copilot', an AI platform designed to combat online scams, amid concerns over AUD $2.7 billion lost to fraud in Australia.
Communications Alliance urges safe harbour in scams law
Last month
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uc
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email security
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telco
The Communications Alliance is pushing for a safe harbour in the new Scams Prevention Framework to protect telcos from excessive liabilities.
Vodafone's network expansion to cover 98.4% of Australia
Fri, 6th Sep 2024
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customers
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optus
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vodafone
The ACCC has greenlit Vodafone's regional network sharing deal, set to expand coverage from 96% to 98.4% of Australians and double its geographical reach by 2025.
Scam Awareness Week: An opportunity to check your attack surface
Thu, 29th Aug 2024
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firewalls
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data protection
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vpns
As cyber scams become more sophisticated due to AI, Scam Awareness Week urges Australians to secure their digital assets, with over AUD $3.1 billion lost in 2022 alone.
ACCAN & ACCC unite to call for overhaul of TCP Code
Wed, 10th Jul 2024
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acma
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accc
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accan
ACCAN and the ACCC have united to urge a complete overhaul of the TCP Code, citing fundamental shortcomings that leave Australian consumers inadequately protected.
Open Banking in Australia sees rapid growth in consumer adoption
Tue, 25th Jun 2024
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fintech
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martech
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commerce systems
The fourth edition of FinTech Australia's Open Banking Ecosystem Map shows a 165% rise in Consumer Data Right adoption, supported by Mastercard.
Queensland's tech leaders gather at ACS Summit in Brisbane
Fri, 31st May 2024
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genai
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ai
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cybersecurity
The ACS Tech Summit in Brisbane spotlights Queensland's fast-growing tech sector, with projections indicating over 200,000 tech jobs by 2030.
Parcel scams on the rise as Aussies face mounting threats
Thu, 30th May 2024
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physical security
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email security
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scams
Australia Post research reveals 73% of Australians have encountered package delivery scams, urging the use of official apps for parcel tracking to thwart schemes.
Australia among top 10 sources of phishing attacks in global report
Tue, 28th May 2024
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edutech
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microsoft
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government
Australia has entered the top ten origins for phishing attacks, with a 479.3% rise in hosted phishing content and losses amounting to AUD $26.1 million.
Frollo urges collaboration to improve Australia's Open Banking data quality
Wed, 17th Apr 2024
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fintech
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westpac
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financial institutions
Frollo, Australia's Open Banking service provider, urges a collaborative strategy to enhance the data quality in the nation's Consumer Data Right framework, supporting superior financial outcomes.
AI-Washing: A new wave of ethical and legal considerations for corporate Australia
Tue, 16th Apr 2024
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genai
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ai
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google
AI-washing prompts ethical debates and legal challenges in corporate Australia, as companies risk fines for making false claims about their AI technology use.
Launtel secures deal to boost Australia's NBN resilience
Fri, 1st Mar 2024
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uc
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telco
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nbn
Launtel secures a $5m Superloop contract for internet service enhancements, marking a significant expansion stride and a boost for Australia's NBN customers.
Australian firms urged to boost defences ahead of Safer Internet Day
Mon, 5th Feb 2024
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data protection
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advanced persistent threat protection
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email security
Ahead of Safer Internet Day, businesses in Australia are urged to fortify their cyber defences as reports reveal record levels of cyber threats, scams and data breaches in 2022.
Australians lose $3.1bn in 2022 to rising online scams
Wed, 31st Jan 2024
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cloud security
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phishing
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email security
Aussies lost around $3.1bn in 2022 due to online scams, warns the Australian Competition and Consumer Commission and cloud security firm Akamai.
Quest, Waave and Chemist Warehouse to launch Open Banking payment option
Wed, 20th Dec 2023
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payment technologies
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merchants
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accc
Waave, Quest Payment Systems and Chemist Warehouse team up to deliver Australia's first Open Banking checkout option.
Aussie IT firm warns of high cybercrime risk during festive season
Tue, 12th Dec 2023
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malware
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martech
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commerce systems
Aussie IT firm CMTG warns of potential cybercrime increase during Christmas season due to rising online shopping habits.
AI technologies heighten risk of Black Friday scams in Australia
Mon, 13th Nov 2023
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email security
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instagram
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social media
Rise in AI technologies boosts Black Friday scam risk in Australia, with losses to fraud hitting $3.1bn in 2020.
Scam reports surge by nearly 50% in first half of 2023
Thu, 10th Aug 2023
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email security
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cybersecurity
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scams
The use of conversational tools demonstrates how threat actors are beginning to match their ingenuity with new-found precision and patience.
Australians hit hard by online scams and fraud this year
Wed, 17th May 2023
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email security
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cybersecurity
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scams
The Government has boosted its funding to combat online scams and fraud, as Australians have now lost almost AUD $200 million to scammers this year alone.