Summary
- Meta has removed 8,000 “celeb bait” scam ads from Facebook and Instagram with the help of Australian banks
- The Australian government plans to introduce an anti-scam law with fines for companies that fail to crack down on scams
- Australian scam reports jumped by nearly one-fifth in 2023, totaling A$2.7 billion in losses
- Meta is facing legal challenges for failing to stop dissemination of cryptocurrency advertisements using celebrity images