Social Media: ‘About a third’ of Facebook Marketplace listings could be scams, MPs told.

08 Feb 2024 2:01 PM | Anonymous member (Administrator)

A director at TSB Bank has warned a group of top MPs that Facebook Marketplace and cryptocurrency investment are major breeding grounds for scams amid calls for Big Tech to take more responsibility for a wave of fraud on social media.

The Home Affairs Committee heard from major banking and communications firms heard on Wednesday as part of its inquiry into fraud, which makes up around 40 per cent of crime in England and Wales.

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