The federal government is stepping up its fight against scams, which last year cost Australians more than A$2.7 billion. On Friday, the federal treasury released a draft scam prevention framework. The government said the plan is: an economy‑wide reform to protect the Australian community from scams. It takes a whole‑of‑ecosystem approach to reduce gaps which scammers can exploit. Many of the measures it includes are designed to put more responsibility onto social media companies, banks and telecommunications companies. This is a welcome move which favours the victims of scams. However, the increasing sophistication of scams using artificial intelligence (AI) technologies…
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