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Bank Info Security 1 year, 4 months ago

Australia's Anti-Scams Bill: What's in It for Victims?

Experts Say Consumers Gain Little as Implementation Challenges Loom for FrameworkAustralia's new scams framework bill sets the foundation for industry action but leaves consumers with limited protections. Experts warn that enforcement and reimbursement mechanisms are unclear, forcing victims to navigate a complex system with little guarantee of compensation.

3 Countries Taking Different Approaches to Accountability and Victim CompensationGovernments globally are intensifying anti-scam measures, introducing new guidelines to banks, telecom providers and other key sectors to bolster security controls and mitigate fraud risks for consumers and businesses. Some new frameworks threaten to levy stiff penalties for non-compliance.

ScanBox installed after victims lured to fake Murdoch news sites with phishing emails Researchers at security company Proofpoint and PricewaterhouseCoopers (PWC) said on Tuesday they had identified a cyber espionage campaign that delivers the ScanBox exploitation framework through a malicious fake Australian news site.…