All Topics
All Topics
Technology
Technology
AI
AI
Business
Business
Entertainment
Entertainment
News
News
Programming
Programming
Science
Science
Design
Design
Environment
Environment
Finance
Finance
Crypto
Crypto
Politics
Politics
Sports
Sports
Education
Education
Gaming
Gaming
Art
Art
Music
Music
Health
Health
Security
Security
Books
Books
Food
Food
Travel
Travel
Personal
Personal
Bluesky
Twitter

Australia proposes A$3,000 automatic scam reimbursement cap, far lower than UK's threshold

The median scam in Australia last year cost $400 – so a rapid refund of up to $3,000 sounds generous. But take a closer look and it starts to look oddly low.

Read the full article
Paul Haskell-Dowland1mo ago6 min readenInsight

You might also wanna read

UK Fraud liability in 2026: The hidden cost of synthetic identity fraud

Banks now face a capped GBP £85,000 reimbursement bill per claim as synthetic identity fraud turns into a direct liability under tighter UK

IT Brief UK·5h ago

As AI Helps Scammers Target Victims, National Cybercrime Losses Near $21 Billion A Year

Navy veteran Mitchell Gordon saw a social media video promoting a government refund website. He entered his personal information and paid $2

crimjj.wordpress.com·7d ago

As AI Helps Scammers Target Victims, National Cybercrime Losses Near $21 Billion A Year

Navy veteran Mitchell Gordon saw a social media video promoting a government refund website. He entered his personal information and paid $2

crimjj.wordpress.com·7d ago

Britons lose more money from scam calls than any other country, new research warns

Phone scams are coming at a great cost to Britons, new research from NordVPN reveals. Britons lose an average of £784 to fraudulent calls, t

GB News·3d ago

AI Cracked the Mortgage Verification System

Mortgage underwriting runs on documents. Payslips, bank statements and tax returns are the evidence that lenders verify before approving a l

PYMNTS·6d ago

Candidate Fraud Now Costs Australian Small Businesses $7.3 Billion Annually as AI Tools Outpace Verification Systems

Poor hiring decisions linked to fraudulent applications are costing Australian small and medium businesses $7.3 billion per year, according

Skillfuel·14d ago

Young Australian men falling victim to online sexual extortion

SYDNEY, Australia — Young men and boys are being targeted for sexual extortion on social media platforms, Australia's online watchdog said o

Manila Times·2d ago

Comments

Sign in to join the conversation.

No comments yet. Be the first.