Jim Chalmers will meet his state and territory counterparts today as the RBA releases its latest statement on the direction of interest rates
Crackdown on spoofing scams
A global messaging company has become the first telco to be investigated by the Australian Communications and Media Authority for breaching Australia’s new anti-spoofing rules.
While we did not find evidence any scammers had used the vulnerability created by Modica, its failure to have adequate processes in place put people at risk of receiving SMS scams.
It is vitally important that all Australian telcos have processes in place to ensure their customers sending this type of SMS are who they say they are.
Fraudsters cause financial and immeasurable emotional and mental stress by impersonating legitimate organisations every day, and we thank the ACMA for its important work to help protect Australians.
One more scam is one too many, and cases like this prove the action we are taking to fight non-compliance by telcos is effective, as well as serving as a warning to other companies.
Continue reading...from World news | The Guardian https://ift.tt/Tkgq6fB
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