ACCC and ASIC: scammers luring investors onto fake crypto trading platforms
Scammers initially target victims through social media advertisements and posts claiming to offer trading tips on equities.
Australia ACCC
ACCC warns of consumer scams following CrowdStrike Windows outage
The global IT outage was caused by a defect in an update from cybersecurity company CrowdStrike for computers running Windows.
Investment scams top 80% increase in $3.1B retail losses in 2022: ACCC
Losses experienced by each victim rose by more than 50% due in part to scammers using new technology to lure and deceive victims.
Australian govt opens consultation on competition in provision of clearing and settlement services
The Australian government seeks to facilitate competitive outcomes in the provision of clearing and settlement services for Australia’s financial markets.
Australia ACCC doesn’t like Google’s ad tech dominance
The ACCC has heard concerns about the competitive effect of Google’s restrictions on rivals’ access to different types of data.
Australia’s ACCC adds two new Commissioners
The ACCC promotes competition and fair trade in markets and also regulates national infrastructure services in Australia.
Scams cost Australians $630M in 2019: ACCC
Australians lost over AUD $634 million to scams in 2019, according to the latest figures put out by the Australian […]
