Cybersecurity specialists have welcomed a new trial by the Australian Competition and Consumer Commission (ACCC) to automatically take down scam websites. The trial saw dozens of scam sites, including crypto scams, knocked offline after more than 300 were reported.
The ACCC reported that Australians had lost $113 million in cryptocurrency scams last year. The new trial will be in partnership with the Australian Securities and Investment Commission (ASIC) and will focus on efficiently removing scam websites once they have been reported to Australian regulators to protect potential investors from falling victim to crypto fraud.
The ACCC is using a countermeasures service from the United Kingdom-based Netcraft, which has been providing a similar service for the past four years to the U.K.’s National Cyber Security Centre.
According to an IT News report, sites already taken down include “phishing sites impersonating Australian businesses and government authorities,” along with “puppy...
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