Southern Phone Fined $2.5M for Scam Breaches
Update: 2025-12-03
Description
Southern Phone, an Australian telecommunications company, faces a massive $2.5 million fine for failing to prevent scammers from accessing customers bank accounts, resulting in nearly $400,000 in losses. The ACMA, Australias communications regulator, found Southern Phones identity verification systems inadequate, allowing scammers to take over mobile numbers and commit identity fraud. The fine is the largest ever for this offense, and Southern Phone must now review and strengthen their security processes to prevent future incidents.
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