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flag Australia’s new law targets cyber fraud by mandating secure disposal of old tech, as outdated devices pose major data risks.

flag Cyber fraud risks are rising as organizations neglect obsolete technology, with experts warning that improperly discarded IT assets create lasting vulnerabilities. flag Australia’s new Scams Prevention Framework Act imposes strict compliance duties and fines up to AUD $50 million. flag Despite 56% of IT leaders concerned about data exposure from end-of-life devices, only 5% of security budgets go toward IT asset disposition. flag Experts stress the need for continuous ITAD strategies, ongoing employee training that slashes phishing susceptibility, and basic protections like unique passwords and multi-factor authentication to combat identity fraud, which now makes up nearly 30% of cybercrimes in Australia.

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