The Ineffectiveness of Current Strategies in Australia Calls for a Comprehensive Anti-Fraud Ecosystem

Abstract

This paper delves into the current status of the online anti-fraud market in Australia, analyzes in detail the ineffectiveness of existing strategies, and the latest actions of the government and businesses in building an anti-fraud ecosystem, so as to objectively show the application process, opportunities and challenges of the anti-fraud regulatory framework in Australia. The author gives shallow suggestions from both the government and businesses’ perspectives to facilitate building a comprehensive anti-fraud ecosystem in the future.