BBB SCAM ALERT: New Facebook phishing scam scares page ... - MyParisTexas.com

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Fraudsters have been left off the Online Safety Bill - FT Adviser

The Online Safety Bill, first proposed in 2019 by Theresa May's government, sets out guidelines designed to keep UK internet users, particularly children, safer online and create a new age of accountability. Once enacted, the largest social media sites will also be required to address the handling of content that is legal "but could cause significant physical or psychological harm to adults". Misinformation is targeted here but the appalling rise in adult financial vulnerability through the pandemic - the Financial Conduct Authority October survey, identified 27.7m adults in the UK as now being financially vulnerable - begs the question as to why the bill does not currently cover online scams or fraud? In 2020, investment frauds accounted for less than 10 per cent of all reported crimes but 25 per cent of all financial losses The stream of online financial fraud has, over the last year, become a torrent. Action Fraud figures for 2020 show there wer...
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