Read more at The Guardian.
Scam victims to be compensated under Labor plan to fine banks and social media platforms $50m
Measures would see companies failing to meet anti-scam obligations forced to pay compensation, government says
- Follow our Australia news live blog for latest updates
- Get our breaking news email, free app or daily news podcast
Banks and social media companies would be fined up to $50m and be forced to pay compensation if they fail to protect customers from scams, under a crackdown proposed by the federal government.
Telecommunication companies would also be affected by the measures, after the government ignored calls to follow the UK approach where banks are solely responsible for protecting customers.
Sign up for Guardian Australia’s breaking news email
Continue reading...Date: |
-
Financial Times - Business
Treasury ‘saying no to everything’ will hit growth, warns Burnham
Manchester mayor says powerful finance ministry has to fundamentally change way it thinks16 hours ago -
The Hill - Politics
There’s less social media transparency and, likely, more disinformation
Recent declines in transparency may blind researchers and the public to the impact of other changes in the social media ecosystem altering how disinformation is being spread, including the ...10 hours ago -
Yahoo News - World
EU bans Algerian spread toasted on social media
9 hours ago - European Union -
CBS News - Top stories
Meta launches Instagram for teens to address social media concerns
Meta bills the new Instagram service as having built-in protections for teens that give parents peace of mind.12 hours ago -
The Hill - Politics
Johnson outlines economic plan under Trump if GOP controls government in 2025
Speaker Mike Johnson (R-La.) on Tuesday outlined his economic agenda for the first 100 days under a second Trump administration — a plan that assumes Republicans will win unified control of ...3 hours ago - Donald Trump -
The Guardian - World
Meta to introduce ‘teen accounts’ to Instagram as governments consider social media age limits
Meta says teen accounts will apply to new users under 16 and restrictions will eventually be extended to existing accounts used by teenagers. Meta is putting Instagram users under the age of 18 ...12 hours ago -
Yahoo Sports - Sports
Patriots cut Jalen Reagor from practice squad after social media post
The Patriots have released WR Jalen Reagor from the practice squad hours after he made a cryptic post on Instagram.3 hours ago -
Yahoo Sports - Sports
Patriots release former 1st-round pick Jalen Reagor after his cryptic social media post
There's a reasonable chance that the Patriots took issue with Reagor's less-than-flattering social media post on Tuesday.1 hour ago - NFL -
The Wall Street Journal - World
'Pig-Butchering' Scams Cost Americans Billions. This Lawyer Is Taking Them On.
Prosecutor Erin West has been one of the few to have any success against the overseas criminal networks perpetrating a new type of fraud.10 hours ago -
The Guardian - World
British-made Netflix shows most popular on platform so far in 2024
Fool Me Once, Baby Reindeer, Bridgerton and The Gentleman attracted combined 360m views in first six months, says CEO. Netflix has revealed that British-made shows have proved to be the most ...7 hours ago - Netflix
More from The Guardian
-
The Guardian - World
Hezbollah vows retaliation after exploding pagers kill at least nine and hurt almost 3,000
Israel yet to make statement about detonations across Lebanon that killed a 10-year-old girl and left 400 in a reported critical condition. What we know about the Hezbollah pager explosions ...4 hours ago -
The Guardian - World
Sean ‘Diddy’ Combs denied bail in sex trafficking and racketeering charges
Attorneys for music mogul request home detention, travel restrictions and $50m bond in Manhattan court. A timeline of Sean ‘Diddy’ Combs’ allegations and charges Sean “Diddy” Combs was ...3 hours ago -
The Guardian - World
Harris calls Ohio bomb threats ‘crying shame’ in talk with Black journalists
National Association of Black Journalists panel also addresses Gaza and economic opportunity for Black men. On Tuesday, Kamala Harris was interviewed by a panel of three National Association of ...3 hours ago -
The Guardian - World
Mother of Michaela DePrince dies a day after ballerina’s death
Elaine DePrince, 77, died of unrelated illness less than 24 hours after trailblazing ballerina’s death aged 29. The adoptive mother of ballerina Michaela Mabinty DePrince , who died suddenly at ...4 hours ago -
The Guardian - World
First picture of wreckage of Titan sub after implosion revealed at hearing
Image shows broken tail cone on floor of Atlantic in hearing into deaths of five people onboard OceanGate vessel. The first picture of the Titan submersible following its deadly June 2023 ...8 hours ago