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Why Are Australians Falling Victim to Online Scams Despite Internet Safety Regulators?

Title: Australia’s Online Safety Regulatory System Falls Short in Protecting Citizens from Scams

Introduction:
Despite having a robust online safety regulatory system, Australians remain vulnerable to online scams. Recent events have highlighted significant shortcomings in Australia’s efforts to keep people safe online. The prevalence of scams and the lack of effective action from authorities raise concerns about the country’s ability to combat cybercrime.

Rising Scam Rates in Australia:
An Israeli crime gang operating from Serbia recently defrauded 90,000 individuals from 90 countries, with 34,000 victims and losses amounting to €130 million (US$140 million) coming from Australia. This outperformance in scam victimization compared to other countries, except for Canada, underscores Australia’s susceptibility to online fraud.

Lack of Action from Authorities:
The Australian Securities and Investments Commission (ASIC) received a complete dossier from German police, including victims’ personal information and losses, but failed to take any action. This negligence raises questions about the effectiveness and coordination among regulatory bodies such as ASIC, the eSafety Commission, and the Australian Communications and Media Authority (ACMA).

Role of Regulatory Bodies:
While ASIC is being solely blamed, it is crucial to recognize that other organizations, including the police, eSafety Commission, ACMA, and online platforms themselves, also have roles to play in combating online scams. The German police’s proactive approach in rooting out cybercrime demonstrates the need for a comprehensive strategy to tackle online fraud.

Failure to Address Common Scams:
Australian authorities have overlooked common scams that continue to defraud individuals. Scams involving fraudulent profiles of celebrities or fake prize winnings are prevalent, with victims losing an average of A$5,882 (US$3,880) each. The failure to address these obvious scams raises concerns about the priorities of regulatory bodies and the role of social media platforms like Facebook.

Accountability and Coordination:
Regulatory bodies like ASIC, the eSafety Commission, and ACMA must be held accountable for their inaction in preventing online scams. The eSafety Commissioner, Julie Inman Grant, has failed to fulfill her responsibilities outlined in the eSafety Act, which include promoting online safety and coordinating efforts to improve safety for Australians. Additionally, ACMA’s negligence in allowing fraudulent ads on social media platforms raises questions about its effectiveness in regulating online content.

Role of Law Enforcement:
Law enforcement agencies, including the police forces with cybercrime units, must prioritize addressing online scams. Their expertise and proactive approach are vital in combating cybercrime effectively. Rather than relying solely on regulatory bodies, law enforcement agencies should take the lead in tackling online fraud.

The Need for Real Coordination:
Australia’s online safety regulatory system requires better coordination and accountability. While global cooperation is important, the focus should be on addressing real harms within the country. Instead of engaging in international networking initiatives, regulatory bodies should prioritize protecting citizens from online scams and other forms of cybercrime.

Conclusion:
Australia’s online safety regulatory system falls short in protecting citizens from scams. The prevalence of scams and the lack of action from authorities highlight significant shortcomings in the country’s approach to online safety. Improved coordination, accountability, and a shift in priorities toward combating cybercrime are necessary to ensure a safer online environment for Australians.

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