Struggling over who should pay for online fraud compensation, U.K. banks will now reimburse up to £85,000 per victim starting October 7. Financial institutions argue that social media companies, like Facebook and Instagram, should also contribute, citing their insufficient fraud prevention measures.Struggling over who should pay for online fraud compensation, U.K. banks will now reimburse up to £85,000 per victim starting October 7. Financial institutions argue that social media companies, like Facebook and Instagram, should also contribute, citing their insufficient fraud prevention measures. …Read More
Tension rises between technology companies and banks in the UK TOI TECH DESK — Times of India
ByTOI TECH DESK
Oct 7, 2024
Tension rises between technology companies and banks in the UK TOI TECH DESK — Times of India
ByTOI TECH DESK
Oct 7, 2024
Struggling over who should pay for online fraud compensation, U.K. banks will now reimburse up to £85,000 per victim starting October 7. Financial institutions argue that social media companies, like Facebook and Instagram, should also contribute, citing their insufficient fraud prevention measures.Struggling over who should pay for online fraud compensation, U.K. banks will now reimburse up to £85,000 per victim starting October 7. Financial institutions argue that social media companies, like Facebook and Instagram, should also contribute, citing their insufficient fraud prevention measures. …Read More