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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.

Bank Info Security 2 years, 7 months ago

Cryptohack Roundup: Bitzlato Boss Admits to Laundering Money

Also: Judge Accepts Changpeng Zhao Guilty Plea; November's 'Damaging' Hack NumbersThis week, a Bitzlato co-founder pleaded guilty to money laundering charges, a federal judge accepted ex-Binance chief's guilty plea, thieves stole $363M in crypto this November, KyberSwap looks to compensate hack victims, Platypus hackers walked free, and Velodrome and Aerodrome were hacked again.