Meta Launches First-of-Its-Kind Partnership with UK Banks to Combat Fraud

Oct 2, 2024, 08:12 AM

Meta has announced a new, first-of-its-kind initiative to combat fraud on its social media platforms by partnering with UK banks. The company has taken down approximately 8,000 'celeb bait' scam ads from Facebook and Instagram. This effort is part of a broader data-sharing pact aimed at countering scams. Additionally, Meta is working with Australian banks on similar initiatives to address fraudulent advertisements.