Member

367: After Clause 117, insert the following new Clause— “Technology and telecommunications companies’ liability for APP fraud reimbursementWithin six months of the day on which this Act is passed, the Secretary of State must prepare and publish a report, and lay it before Parliament, setting out proposals for ensuring that technology and telecommunications companies—(a) owe a duty of care to their customers to prevent fraud being originated on platforms or services that they provide, and(b) contribute to the costs of reimbursing victims of Authorised Push Payment fraud, where such fraud has originated on services or platforms provided by the relevant company.”Member’s explanatory statement This amendment would require the Secretary of State to bring forward proposals to ensure that technology and telecommunications companies have a duty of care to prevent fraud and meet a share of the costs of reimbursing APP fraud victims.