ASIC Crushes Record 12K Scam Sites, AI Blamed
Sydney News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Australias financial watchdog, ASIC, took down a record 11,964 scam websites in 2025, a 90% increase from the previous year, averaging 32 sites per day. AI is blamed for supercharging online threats, enabling scammers to create hundreds of sophisticated sites instantly. Despite a 11% drop in investment scam losses, Australians still lost $2.18 billion to all scams in 2025. New laws aim to hold banks, tech giants, and telcos accountable for scam prevention, but rollout dates are uncertain.
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