ABC News – Top stories · general
AI supercharging online scams as regulator takes down almost 12,000 sites
2 hours ago
Australia's financial regulator ASIC shut down nearly 12,000 phishing and investment scam sites in 2025, marking a 90 percent increase from the previous year. Experts warn that AI's ease of website creation has transformed cybercrime into a 'supermarket aisle' for scammers. Australians faced $2.18 billion in scam losses last year, highlighting the urgent need for ongoing regulatory efforts.
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