this post was submitted on 15 Dec 2024
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ASIC to sue HSBC over [failure to protect customers from] 'spoofing' scam (www.abc.net.au)
submitted 2 months ago by MHLoppy@fedia.io to c/news@aussie.zone
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In short:

ASIC has lodged a claim against HSBC's Australian arm in the federal court.

The action relates to 950 reports alleging scammers netted $23 million over nearly five years.

What's next?

HSBC says it will "continue to make significant investments in our fraud and scam prevention, detection, and response, with specific efforts on preventing impersonation scams and 'spoofing' of phone numbers".

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