Celebrity scam ads still targeting Australians despite tech giants’ crackdowns

Scammers developing sophisticated new methods will always find loopholes to access lucrative markets, experts say

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Scammers are finding loopholes in restrictions brought in by Google and Meta to combat fake celebrity scam ads and experts warn they will be hard to stop while Australia remains a lucrative target for cybercriminals.

On Monday, Meta announced it would require businesses targeting financial advertising at Australians to verify themselves, including through the Australian Securities Investment Commission (Asic), to check they hold an Australian financial services licence.

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