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

Global Stories

Australian Competition and Consumer Commission (ACCC) stories

Australia among top 10 sources of phishing attacks in global report

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.

By Sean Mitchell • 3 min read • Tue, 28th May 2024

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

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

Stories from Other Regions

Australian Competition and Consumer Commission (ACCC) stories

Malware

Australians warned of Black Friday online shopping scams

Australians are being warned to stay vigilant as online shopping scams surge during Black Friday, with losses exceeding AUD $14.9 million this year.

By Imee Dequito • 3 min read • Tue, 19th Nov 2024

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

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

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

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

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

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

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

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

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

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

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

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

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