In a significant move to combat the rising threat of scams, the Australian government, through its Treasury Department, has introduced a groundbreaking framework. Notably, this framework, outlined in a recent press release, proposes sector-specific codes and standards to target scams in industries such as banking and cryptocurrency.
Meanwhile, as the nation grapples with an 80% surge in scam losses in 2022, this proactive approach aims to fortify defenses against scammers and protect consumers and businesses alike.
Australia Unveils New Measures To Tackle Scams
Australia’s Department of the Treasury has unveiled a forward-thinking strategy to counter the alarming surge in scams that plagued the nation in 2022. The proposed “Scams Code Framework” introduces a pioneering approach by considering sector-specific codes and standards to combat scams effectively.
Meanwhile, Assistant Treasurer Stephen Jones and Minister for Communications Michelle Rowland announced this comprehensive pl
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