Australian Government’s Scam Prevention Framework Bill 2025

In response to the escalating financial and emotional toll of scams, the Australian government has enacted the Scams Prevention Framework (SPF) through the passage of the Scams Prevention Framework Bill 2025 on February 13, 2025.

This legislation imposes stringent obligations on banks, telecommunications providers, and digital platform service providers—including social media and search engine companies—to implement robust measures against scams. Non-compliance can result in substantial penalties, with fines up to $50 million.

The SPF outlines six core principles that regulated entities must adhere to:

1. Governance: Develop and implement comprehensive policies and procedures to combat scams.
2. Prevention: Take proactive steps to prevent the use of services for scam activities.
3. Detection: Implement mechanisms to identify scams in a timely manner.
4. Reporting: Report suspected scam activities to the Australian Competition and Consumer Commission (ACCC).
5. Disruption: Actively disrupt and dismantle scam operations.
6. Response and Recovery: Provide support to customers affected by scams and facilitate recovery processes.

In light of these stringent requirements, organisations are seeking advanced solutions to ensure compliance and protect their customers. Cyberoo.AI offers cutting-edge services tailored to meet the demands of the SPF:

NothingPhishy: This solution employs continuous monitoring and advanced automation to detect, disrupt, and dismantle threats such as scams, phishing domains, and brand impersonation. It aligns with the SPF's principles by providing automated detection, risk assessment, and rapid threat mitigation, thereby safeguarding both the organisation's reputation and its customers.

Scam Verification Chatbot: Launching in 2025, Scams.Report is a consumer-focused chatbot powered by generative AI. It assists users in identifying and reporting potential scams by analysing suspicious emails, messages, and websites. This tool not only empowers consumers but also aids organisations in fulfilling their reporting and disruption obligations under the SPF.

By integrating Cyberoo.AI's solutions, regulated entities can effectively navigate the complexities of the Scams Prevention Framework, ensuring robust protection against scams and compliance with legislative mandates.