Bank Info Security
1 year, 5 months ago
New Australian Law Makes Banks, Telecoms Liable for Scams
Social Platforms Also Could Face Stiff Fines for Failing to Protect UsersThe Australian government passed the Scams Prevention Framework law in Parliament to make social media companies, banks and telecommunication companies accountable for scammers using their networks, subjecting them to a maximum of AU$50 million in fines for violations.