Facebook allowed Cambridge Analytica to access data of 87 million users. The proposed settlement is the largest ever in a US data privacy class action.
December 30, 2022The ASA said the ad was misleading because “it failed to illustrate the risk of investing in NFTs" and "it didn't make clear that fees would apply”.
December 28, 2022The ACCC says consumer and competition harms across a range of digital platform services are "widespread, entrenched, and systemic".
November 14, 2022Facebook accounts will be tracked and websites will be blocked if they are found to be promoting fraudulent investment schemes or raising funds illegally.
October 17, 2022Australia has seen a sharp increase in investment scams this year. Text messages have become the most common scam contact mode.
June 8, 2022In one case, approximately $821,000 flowed through one mule bank account controlled by scam operators within a period of six months.
June 2, 2022The Financial Services Council is calling for the introduction of a mandatory code of conduct for digital platforms like Facebook and Google to prevent financial scams.
May 23, 2022The ads contained links to fake media articles containing quotes attributed to public figures endorsing cryptocurrency or money-making schemes.
March 24, 2022Australia’s sovereign wealth fund, Future Fund, is reportedly trying to divest AUD 200 million of holdings in Russian companies.
March 9, 2022One option is for foreign shareholders to transfer their shares to be managed by Russian partners until they return to the market at a later date.
March 7, 2022