L

Lord Vaux of Harrowden (CB)

Speaking in the House of Lords on 30 October 2024

Debate

Social Media: Catfishing

Contribution

My Lords, the noble Baroness mentioned romance fraud and other frauds. Approximately 70% of fraud arises on social media platforms, particularly Meta, yet the reimbursement for fraud is all placed on the banks, and no liability applies to the social media platforms. What plans do the Government have to make social media platforms pay for their share of the frauds in order to incentivise them to do something to stop them?

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