Australian Government Proposes AU$50M Fines For Banks, Tech Firms Over Failure To Prevent Scams
The Australian government is planning to introduce a new legislation that will make banks, telcos and tech companies liable to pay compensation to customers and face fines of up to AU$50 million if they failed to prevent scams. Releasing the draft legislation on Thursday, Minister for Financial Services Stephen Jones said, “We want to ensure … Read more
