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asic mis-regulates,

  1. 7,867 Posts.
    ASIC bashing continues unabated.

    How ASIC's attempt to block one website took down 250,000

    Date June 5, 2013 - 11:39AM
    Ben Grubb
    Deputy technology editor

    ASIC has been revealed to have blocked 250,000 innocuous websites. Photo: Arsineh Houspian

    Australia's corporate watchdog has admitted to inadvertently blocking access to about 250,000 innocuous websites in addition to the 1200 it had already accidentally censored.

    ASIC made the concession in a statement at a senate estimates hearing on Tuesday night, after it caused controversy by interpreting a 15-year-old law in the Telecommunications Act as giving it the ability to block websites.

    The largest number of sites censored when attempting to block one particular site ASIC believed was defrauding Australians was 250,000. Of these, ASIC said about 1000, or 0.4 per cent, were active sites. It said the 249,000 other sites hosted "no substantive content" or offered their domain name up for sale, rather than hosting a fully-fledged active site.

    Read more: http://www.smh.com.au/technology/technology-news/how-asics-attempt-to-block-one-website-took-down-250000-20130605-2np6v.html#ixzz2VLuL9xai
 
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