Member

The Government are already taking forward a broader programme of action. The Online Safety Act, while not a catch-all, as the noble Lord, Lord Vaux, points out, requires tech companies to take proactive steps to stop fraudulent content appearing and to remove it quickly when they become aware of it. This Government are committed to ensuring that Ofcom is sufficiently resourced to undertake swift and decisive action against illegal online harms, including fraud, and we agree that tech companies should rightly bear the relevant costs of Ofcom’s regulatory oversight under that regime.