T he corporate watchdog is suing multinational banking giant HSBC over a scam that netted $23 million, alleging it failed to protect 950 Australian customers from a long-running "spoofing" scam.

HSBC's Australian unit is being sued by the country's securities watchdog agency for failing to protect local customers from scams, resulting in A$23 million (US$14.65 million) of losses. The ...

Victims have been receiving contradictory messages from HSBC, with the bank telling them that “scams are growing ever more complex and sophisticated” but at the same time also saying that they ...

Australia's corporate regulator has initiated legal action against the local affiliate of the global bank HSBC , claiming it failed to correctly respond to about 950 reports of customers losing ...

PennDOT warning drivers of new text message scam 02:01. Another day, another scam to be worried about, and once again, it's coming in by text message, claiming to be from PennDOT.

Australia’s corporate watchdog is suing the local unit of HSBC Holdings over allegations that the bank failed to protect customers from criminal scams.

HSBC issues warning over new scam in which customers are tricked into handing over thousands to criminals. By RYAN PROSSER . Published: 13:58 EDT, 4 November 2024 | Updated: 14:18 EDT, 4 November 2024 ...

While these scam messages might appear legitimate at first, there are ways to spot the scam. 1. Message from an unknown number. Most organisations protect their 'Sender ID' so text messages should be ...

Scams, which grow bolder and more sinister every day, are a scourge for which no one wants to take responsibility. But in this case, HSBC’s alleged inaction was seemingly too much for ASIC to ...

HSBC has previously said it had improved its fraud and scam prevention systems, including increasing SMS warnings for customers making payments of more than $500, limiting payments to some ...

The corporate watchdog is suing multinational banking giant HSBC over a scam that netted $23 million, alleging it failed to protect 950 Australian customers from a long-running "spoofing" scam.