HSBC, a big bank, is in trouble with Australian authorities. They said that the bank did not help customers who lost money to scams. Between 2020 and 2024, the bank got almost 1,000 reports of suspicious activity. Customers lost over $23 million, but the bank took too long to investigate, leaving customers vulnerable. The authorities are unhappy with the bank’s systems for preventing and detecting scams. They think the bank should have done more to protect its customers.
Source: Viewers Corner News