Which? responds to the news that Meta is partnering with UK banks to combat scams

Rocio Concha, Which? Director of Policy and Advocacy, said:

"While it's a positive step that Meta is partnering with UK banks to combat scams, much greater collaboration between key businesses and government is needed to put an end to the fraud epidemic.

"Until now, the government and businesses such as online platforms, banks and telecoms firms have largely operated in silos and do not share the data they have on how these fraudsters operate - making it much harder to stop scams reaching victims in the first place.

"To tackle fraud, the government should lead a more coordinated approach by encouraging sectors to share data and stop scams spreading. New duties, equivalent to the obligations being introduced for banks and online platforms, should be placed on telecom providers, online advertising providers and domain registrars to ensure they verify the legitimacy of users."

-ENDS-