Financial services company Kalkine fined $350,000 for spamming customers by watchdog ACMA

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Financial services company Kalkine fined $350,000 for spamming customers by watchdog ACMA

A financial services company has copped a staggering $350,000 fine for spamming its customers in unsolicited messages. Australian financial services research company Kalkine and its news arm Kalkine Media have to foot a $251,400 and $100,800 penalty respectively for unwanted emails and phone calls. Meanwhile, Kalkine Media got hold of more than 2700 email addresses and sent them spam without their consent during the same period. ACMA Chair Nerida O’Loughlin said Kalkine should be punished because it was a huge breach of privacy, ultimately “unlawful”. RELATED: ‘Hero’ job with country’s worst wages“We are focusing our efforts on the financial services sector because of the potential for broader financial harms and impacts involved.

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