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
Take it further — get the full app and never miss a moment of what's happening in Australia.
This publisher's site can't be shown here due to their security settings.
Open full article →No source link available for this article.
Published 18 Jun 2026, 07:55 UTC · Updated 18 Jun 2026, 08:00 UTC
Summary by OZbrief Editorial. Original report: SMH. Editorial policy · Corrections
Related stories
- HSBC pays $35 million penalty for failing to protect Australian scam victims
- HSBC pays $35 million penalty for failing to protect scam victims
- Keith Andrew Chambers sentenced to 14 years for killing Aiden Guimaraes
- Charges dropped for woman accused of children's murder
- Going backwards is not a path to the future
- Kyle Sandilands collaborates with Pauline Hanson after $12 million settlement
Trending
- Royal Ascot 2026: horse racing updates from day five – live
- ‘Horrific’: Train delays after man dies in fuel tanker rollover in Darnum
- Andy Burnham wins Makerfield byelection, emerges as Labour leadership contender
- Europe's AI complacency risks economic collapse by 2031, warns think tank
- JLR at risk of battery supply delays after Somerset factory turmoil
- Aussie surfers ride a wave of success in Brazil