Australia's Plan to Combat Online Scams with New Legislation
Friday, 12 July 2024, 04:46
Australia to Introduce Anti-Scam Law Targeting Internet Giants
Australia is taking a bold step to combat online scams by proposing a new law that will hold internet companies accountable for hosting fraudulent activities.
Important Points:
- Legislation Overview: The Australian Competition and Consumer Commission (ACCC) is leading the initiative to create an anti-scam code.
- User Protection: The law will require companies to implement measures to protect users and offer an efficient complaint resolution process.
- Impact of Scams: Cryptocurrency scams, notably those involving Andrew Forrest, have caused significant financial harm to Australians.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.