Digital & Resilience, News, Regulation & Supervision

'Big tech let off the hook' over social media fraud

By Ellesheva Kissin
Image: Getty Images

UK banks want to share fraudulent transaction data with big tech firms – in the ongoing battle to make big tech shoulder the costs of compensating victims of social media scams.

The responsibility to refund fraud currently rests with financial institutions. Banks, which are subject to tough oversight ...

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