Well-known Australian brands were impersonated by fraudsters who exploited a gap in the controls at Burst SMS, a comms provider based in Sydney.
ACMA investigations concluded that both telcos had insufficient checks to prevent impersonation fraud.
The importance of language is underlined by yet another scam aimed at speakers of Mandarin Chinese.
Yet another piece of paper promises cooperation to tackle nuisance calls and texts, but where is the real action?
Modica was ordered to comply with the industry code but was otherwise not penalized.
Circles.Life was given an AUD199,800 fine and will pay another AUD100,000 to compensate customers after failing to perform identity checks that would have stopped frauds.
A deal between Singapore and Australia sees the East Asian country align with a growing web of similar deals between Western nations.
Losses to scams increased by 84 percent in 2021 but there was also a 50 percent reduction in the number of phone scams reported.
Symbio Group did not check the origin of hundreds of thousands of spam calls because they lacked the tools to do so.
The Australian regulator says victims of SIM swaps lose around AUD28,000 (USD21,000) on average.