Tag: scams
Australia’s crackdown on scams could cost digital platforms and banks more than $100m
Treasury has estimated how much industries including telecommunications, social media and banks will likely need to fork out Digital platforms and banks could incur more than $100m of costs to comply with new requirements to crack down on scams, according to modelling by the Treasury. Treasury’s impact analysis found that banks – especially small and…
Holiday scams: ‘My heart sank, I felt so disappointed with myself’
Natasha Shek said she “died inside” after realising she had been scammed, just a week before she was due to go on a family holiday in Cornwall. She had found an advert on social media and made ID checks on what she thought was the owner of the property, before paying him a deposit of…