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Australian Competition and Consumer Commission (ACCC) Stories - Page 2

Australian Stories

Australian Competition and Consumer Commission (ACCC) stories

Fed gov imposes fines for inadequate scam prevention
Unified Communications

Fed gov imposes fines for inadequate scam prevention

The federal government is set to impose fines of up to AUD $50 million on companies failing to implement effective measures against rising fraud.

By Sean Mitchell • 3 min read • Tue, 19th Nov 2024
Australia's scam prevention law aims for AUD $50m fines
Unified Communications

Australia's scam prevention law aims for AUD $50m fines

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.

By Shannon Williams • 3 min read • Fri, 8th Nov 2024
Bitdefender launches AI platform to tackle online scams
EduTech

Bitdefender launches AI platform to tackle online scams

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.

By Imee Dequito • 3 min read • Wed, 16th Oct 2024
Communications Alliance urges safe harbour in scams law
Unified Communications

Communications Alliance urges safe harbour in scams law

The Communications Alliance is pushing for a safe harbour in the new Scams Prevention Framework to protect telcos from excessive liabilities.

By Melania Watson • 3 min read • Tue, 8th Oct 2024
Vodafone's network expansion to cover 98.4% of Australia
Customers

Vodafone's network expansion to cover 98.4% of Australia

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.

By Shannon Williams • 3 min read • Fri, 6th Sep 2024
Scam Awareness Week: An opportunity to check your attack surface
Firewalls

Scam Awareness Week: An opportunity to check your attack surface

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.

By Scott Mann • 4 min read • Thu, 29th Aug 2024
ACCAN & ACCC unite to call for overhaul of TCP Code
Australian Communications and Media Authority

ACCAN & ACCC unite to call for overhaul of TCP Code

ACCAN and the ACCC have united to urge a complete overhaul of the TCP Code, citing fundamental shortcomings that leave Australian consumers inadequately protected.

By Shannon Williams • 3 min read • Wed, 10th Jul 2024
Open Banking in Australia sees rapid growth in consumer adoption
Fintech

Open Banking in Australia sees rapid growth in consumer adoption

The fourth edition of FinTech Australia's Open Banking Ecosystem Map shows a 165% rise in Consumer Data Right adoption, supported by Mastercard.

By Shannon Williams • 3 min read • Tue, 25th Jun 2024
Queensland's tech leaders gather at ACS Summit in Brisbane
Generative AI

Queensland's tech leaders gather at ACS Summit in Brisbane

The ACS Tech Summit in Brisbane spotlights Queensland's fast-growing tech sector, with projections indicating over 200,000 tech jobs by 2030.

By Shannon Williams • 3 min read • Fri, 31st May 2024
Parcel scams on the rise as Aussies face mounting threats
Physical Security

Parcel scams on the rise as Aussies face mounting threats

Australia Post research reveals 73% of Australians have encountered package delivery scams, urging the use of official apps for parcel tracking to thwart schemes.

By Shannon Williams • 3 min read • Thu, 30th May 2024
Frollo urges collaboration to improve Australia's Open Banking data quality
Fintech

Frollo urges collaboration to improve Australia's Open Banking data quality

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.

By Kaleah Salmon • 3 min read • Wed, 17th Apr 2024
AI-Washing: A new wave of ethical and legal considerations for corporate Australia
Generative AI

AI-Washing: A new wave of ethical and legal considerations for corporate Australia

AI-washing prompts ethical debates and legal challenges in corporate Australia, as companies risk fines for making false claims about their AI technology use.

By David Fischl and Elias Dehsabzi • 4 min read • Tue, 16th Apr 2024
Launtel secures deal to boost Australia's NBN resilience
Unified Communications

Launtel secures deal to boost Australia's NBN resilience

Launtel secures a $5m Superloop contract for internet service enhancements, marking a significant expansion stride and a boost for Australia's NBN customers.

By Tom Raynel • 2 min read • Fri, 1st Mar 2024
Australians lose $3.1bn in 2022 to rising online scams
Cloud Security

Australians lose $3.1bn in 2022 to rising online scams

Aussies lost around $3.1bn in 2022 due to online scams, warns the Australian Competition and Consumer Commission and cloud security firm Akamai.

By Sean Mitchell • 2 min read • Wed, 31st Jan 2024
Quest, Waave and Chemist Warehouse to launch Open Banking payment option
Payment Technologies

Quest, Waave and Chemist Warehouse to launch Open Banking payment option

Waave, Quest Payment Systems and Chemist Warehouse team up to deliver Australia's first Open Banking checkout option.

By Catherine Knowles • 3 min read • Wed, 20th Dec 2023
Aussie IT firm warns of high cybercrime risk during festive season
Malware

Aussie IT firm warns of high cybercrime risk during festive season

Aussie IT firm CMTG warns of potential cybercrime increase during Christmas season due to rising online shopping habits.

By Kaleah Salmon • 3 min read • Tue, 12th Dec 2023

Global Stories

Australian Competition and Consumer Commission (ACCC) stories

Australian firms urged to boost defences ahead of Safer Internet Day
Data Protection

Australian firms urged to boost defences ahead of Safer Internet Day

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.

By Tom Raynel • 3 min read • Mon, 5th Feb 2024
AI technologies heighten risk of Black Friday scams in Australia
Email Security

AI technologies heighten risk of Black Friday scams in Australia

Rise in AI technologies boosts Black Friday scam risk in Australia, with losses to fraud hitting $3.1bn in 2020.

By Tom Raynel • 3 min read • Mon, 13th Nov 2023