Tech giants who fail to protect scam victims in strife

Tech giants who fail to protect scam victims in strife

Businesses may soon be fined if they don’t do enough to protect people from scams. Photo: Porapak Pichodilok By Jacob Shteyman in Canberra Banks, telcos and social media companies could be fined up to $50 million for failing to protect Australians from scammers. In the federal government’s latest assault in the war on scams, companies could be penalised for failing to stop fraudsters from getting through to consumers in the first place, while vi…