As we approach the busy December and January shopping period, retailers and banks are bracing themselves for a surge in financial fraud. Last year, Australians lost a staggering AU$2.7 billion to scams, according to the Australian Competition and Consumer Commission (ACCC). This figure is expected to rise as Generative AI (GenAI) and other advanced technologies provide scammers with increasingly sophisticated tools.
Australia’s domain administrator auDA had 170,000 .au direct names registered by the end of the June 2022 quarter and CEO Rosemary Sinclair says this growth and the registration milestone can be attributed to registrants’ trust and confidence in .au and the strong uptake of Australia’s newest namespace: .au direct.
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