The government has directed the Australian Communications and Media Authority (ACMA) to develop new rules mandating the use of two-factor authentication to help prevent fraudulent mobile phone number porting.
NBN Co says that in the past quarter it received more than 9500 enquiries related to suspected scams.
Australian consumers lost an average of $110,000 a month to NBN scams in the first five months of 2019, according to the Australian Competition and Consumer Commission.
The Australian Cyber Security Centre has warned that scammers are seeking to impersonate ACSC staff over the phone, telling a prospective victim that they need help to “act against cyber criminals.”
Although Bitcoin may have lost much of its lustre among speculators, the Australian Competition and Consumer Commission has revealed that in 2018 it and other cryptocurrencies remained popular among scammers.
Last week Gen. David Petraeus, the director of the Central Intelligence Agency, resigned in response to what has turned out to be a much bigger scandal than it first appeared.