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iTWire - Payment redirection scams cost Australian businesses $128 milion in losses in 2020

iTWire
Wednesday, 09 June 2021 11:42
Payment redirection scams cost Australian businesses $128 milion in losses in 2020
Featured
Payment redirection scams were the most financially damaging scams for Australian businesses in 2020 according to the competition watchdog, the ACCC’s latest targeting scams report.
Combined losses reported to Scamwatch, other government agencies, banks and payment platforms totalled $128 million in 2020 - with Australian businesses losing $18 million to scams in 2020, a 260% increase on losses reported in 2019.
“Small and micro businesses made most of the reports to Scamwatch and experienced an increase in losses in 2020, although larger businesses reported the highest losses,” Australian Competition and Consumer Commission (ACCC) Deputy Chair Mick Keogh said. ....

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iTWire - Australians lose $851 million to scams as scammers take advantage of pandemic

iTWire
Monday, 07 June 2021 10:37
Australians lose $851 million to scams as scammers take advantage of pandemic
Featured
Australians have lost a record $851 million to scams, with scammers taking advantage of the pandemic to con unsuspecting people, according to a new report which also reveals that investment scams accounted for the biggest losses.
According to the Australian Competition and Consumer Commission (ACCC) investment scams fleeced Australians of $328 million, and made up more than a third of total losses - while romance scams were the next biggest category, costing Australians $131 million, and payment redirection scams resulting in $128 million of losses.
The ACCC’s latest ....

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iTWire - Telcos Dodo, iPrimus hit with hefty penalties for misleading claims on NBN broadband speeds

Telcos Dodo and iPrimus have been ordered to pay $1.5 million and $1 million respectively in penalties for making misleading claims about their NBN br. ....

Rod Sims , Justice Murphy , Broadband Australia Program , Vocus Group , Consumer Commission , Federal Court , Australian Competition , Australian Consumer Law , Measuring Broadband Australia Program , Broadband Speed Claims , Vocus Methodology , Nbn Broadband Speeds , Australian Competition And Consumer Commission Accc , Broadband Speeds , Misleading Speed Claims , Broadband Speed Claims Guidance , Flawed Methodology , Misled Consumers , Peter Dinham , தடி சிம்ஸ் , நீதி மர்பி , வோகுஸ் குழு , நுகர்வோர் தரகு , கூட்டாட்சியின் நீதிமன்றம் , ஆஸ்திரேலிய போட்டி , ஆஸ்திரேலிய நுகர்வோர் சட்டம் ,

iTWire - Financial Rights call on Government over citizens' consent to data sharing

Community legal centre Financial Rights Legal Centre has called on the Australian Government to respect the rights of joint bank account holders to co. ....

Karen Cox , Financial Rights Legal Centre , Consumer Commission , Consumer Data Right , Open Banking , Australian Treasury , Rights Chief Executive Officer Karen Cox , Australian Competition , Financial Rights , Australian Government , Bank Account Holders , Consumer Rights , Dasta Sharing , Consumer Data Right And Open Banking Regimes , Data Security , Treasury Proposal , Australian Competition And Consumer Commission Accc , Fintech Sector , Peter Dinham , கரேன் காக்ஸ் , நிதி உரிமைகள் சட்டப்பூர்வமானது மையம் , நுகர்வோர் தரகு , நுகர்வோர் தகவல்கள் சரி , திறந்த வங்கி , ஆஸ்திரேலிய கருவூலம் , ஆஸ்திரேலிய போட்டி ,

iTWire - ACCC wants more competition in agricultural machinery servicing, repair markets

iTWire
Tuesday, 04 May 2021 12:31
ACCC wants more competition in agricultural machinery servicing, repair markets
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Modern tractors, harvesters and other agricultural machinery use complex computerised systems that involve embedded software and specific tools and parts, and the competition regulator the ACCC says purchasers of the machinery would benefit from more independent competition in servicing and repair markets.
The Australian Competition and Consumer Commission made its comments after conducting a detailed study of agricultural machinery markets in Australia.
In its report released on Tuesday, the ACCC looks at a range of competition and fair trading issues in markets for the direct sale of agricultural machinery, as well as for after-sales services, such as repairs. ....

Mick Keogh , Consumer Commission , Australian Competition , Chair Mick Keogh , Australian Competition And Consumer Commission Accc , Agricultural Machinery , Computerised Systems , Peter Dinham , மிக் கியொ , நுகர்வோர் தரகு , ஆஸ்திரேலிய போட்டி , நாற்காலி மிக் கியொ , ஆஸ்திரேலிய போட்டி மற்றும் நுகர்வோர் தரகு அசிசி , பீட்டர் டின்ஹாம் ,