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Google, Microsoft, Amazon and eight leading companies Technology The world will sign a new agreement with the UK government this Thursday (30). According to Reuters, the document steps up the country’s efforts against online fraud and commits companies to block and remove fraudulent content from their websites.
What you need to know:
- call Online scam letter The signing will take place at a meeting in London chaired by Home Secretary James Cleverley;
- The voluntary agreement includes eBay, Facebook and Instagram (Meta), LinkedIn (Microsoft), Match Group, Snapchat (Snap), TikTok (ByteDance) and YouTube (Google);
- These include simple channels for reporting fraudulent matters, working with the police and increasing verification levels in P2P marketplaces (a two-point computer network, both server and client);
- The pledge stipulates that the measures will be implemented within six months.
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Fraud is now the most common crime in the UK, with online fraudsters targeting the most vulnerable in society. By partnering with these tech giants, we will continue to crack down on fraudsters and ensure they have nowhere to hide online.
British Prime Minister Rishi Sunak said in a statement.
According to the British government, online fraud is responsible for 40% of all crime in England and Wales: almost 80% of all authorized push payment (APP) fraud comes from the internet.
APP fraud is already as common as viruses and scams on the Internet. All thanks to the proliferation of smartphones and connected devices.
In 2020 alone, the United Kingdom lost 479 million euros (roughly R$2.5 billion) to APP fraud, according to Feedzai, a data science company that identifies fraudulent payment transactions. The US also suffers from this practice, which falls into the banks’ “laps” due to pressure to repay victims.
Henry Blackwell is a contributor at Mediarunsearch.co.uk, covering a wide range of topics including news, politics, business, technology, sport, entertainment, and lifestyle. He focuses on delivering clear, balanced reporting and useful information that helps readers stay informed about current events and emerging developments. His work highlights stories that matter to everyday audiences, with an emphasis on accuracy, relevance, and accessible journalism.