The competition watchdog has given some of Australia’s biggest banks the go-ahead to collaborate on an industry standard for tackling scams.

Advanced System Care – Help Keep Scammers Away by Cleaning and Secureing Your PC Effectively and Keeping it that Way

TwitterLinkedInEmailCopy Link

The Australian Competition and Consumer Commission (ACCC) has allowed the Australian Banking Association (ABA) and its member banks to come together to create an industry standard to prevent, detect, and disrupt scammers.

“A coordinated response across government, law enforcement, and the private sector is essential to effectively combat scams that are evolving rapidly and with increasing sophistication,” ACCC deputy chair Catriona Lowe said.

Scammers robbed Australians of more than $3 billion last year – an 80% year-on-year increase and an average of nearly $20,000 per person.

The competition watchdog’s tick of approval could see the big four banks, as well as the likes of AMPBendigo Bank, and Macquarie Bank unifying their approach to the criminals.

Scam Categories – We Post New Scams Every Day (Over 400 on Site)

ACCC | AI | ATO | Bank | Business | Camera | Child | Contest | Credit | Currency | Cyber Security | Dating | Disaster | Educational | Email | Fraud | Gift Cards | Identity Theft | Impersonation | Investment | Jobs | Media | Medical | Missing Ethics | Online | Payment System Scams | PC Security | Pets | Phishing | Phone | Psychic | Real Estate | Retail | Senior | SMS | Social Media | Social Security | Threatening | Transport | Tradie |

Scam Protection | Latest Scam News | Free Online Safety Courses
In order to display an accurate search, most news articles are listed in Multiple categories. Search Engines just don’t understand why Duplicate content in some cases is necessary.

All content on this Free site goes to help Global and Local Communities as well as the General Public fight these Scum Bags. Check often as new scams are posted Daily. See also our About Us page Above. If you can manage it a one-off small Donation (just $2 Max) towards our Hosting Fees Would be Most Appreciated. Thank You for Visiting and we hope our information was useful to you

Leave a Reply

Your email address will not be published. Required fields are marked *