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Australia's crackdown on scams could cost digital platforms and banks more than $100m

By The Guardian   |   3 days ago
Australia's crackdown on scams could cost digital platforms and banks more than $100m

Treasury estimates industries like telecommunications, social media, and banks may spend over $100m to comply with new anti-scam regulations. The reforms aim to prevent scams and require designated industries to report and respond to scams, with potential fines for non-compliance.

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