HSBC pays $35 million penalty for failing to protect Australian customers
HSBC has agreed to pay a $35 million penalty after admitting to failing to protect Australian customers from scam phone calls. Over 1,000 customers were affected, leading to unauthorized transactions totaling $34.6 million. The settlement marks the first time a bank has been held accountable for such losses to customers due to scams.
Summary by OZbrief Editorial · SMH · Source
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Published 18 Jun 2026, 07:55 UTC · Updated 18 Jun 2026, 08:00 UTC
Summary by OZbrief Editorial. Original report: SMH. Editorial policy · Corrections
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