Banking and Finance: High street bank bosses warn of rising fraud threat from social media.

24 Mar 2024 12:26 PM | Anonymous member (Administrator)

Bosses from the UK’s biggest high street banks have told MPs that social media companies could do more to prevent the increasing amount of fraud originating on their platforms.

UK chief executives from Barclays, Lloyds, Natwest and Santander said in a Treasury Committee session that they were doing more work with social media and telecommunications firms to prevent fraud but that there was still progress to be made.

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