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Lord Hanson of Flint (Lab)

Speaking in the House of Lords on 11 December 2025

Debate

Social Media: Scam Adverts and Fraudulent Content

Contribution

I am grateful to the noble Lord. He is absolutely right that the banks are effectively subsidising fraud results and are leading to the repayment of an amount of the fraud that is taking place. He is also right that a large portion of that fraud, which is around 44% of all crime, goes through telecommunication companies. We recently established a brand new fraud charter with telecom companies, which I believe will reduce fraud via telephone communication significantly over the next 12 months. In the fraud strategy we will discuss the potential for reducing fraud through telecommunications platforms and through platforms such as Meta/Facebook and others, which are a significant gateway to fraud. The noble Lord is absolutely right, but I will have to reflect on those matters as part of the forthcoming fraud strategy.

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