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Will Meta reduce 'celeb-bait' scams by 50% using facial recognition by April 30, 2025?
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Resolution / Starting Odds
Yes • 50%
No • 50%
Report from Meta or independent cybersecurity firms confirming reduction in scams
Story
Meta Reintroduces Facial Recognition to Combat 'Celeb-Bait' Scams, $META
Oct 21, 2024, 11:04 PM
Meta is reintroducing facial recognition technology to combat 'celeb-bait' scam ads and to facilitate easier account recovery on Facebook and Instagram. The technology aims to identify and eliminate scams that use images of celebrities to appear more legitimate. This initiative, reported by TechCrunch, is part of Meta's broader strategy to enhance security and protect users from fraudulent activities. The move marks a significant step in Meta's efforts to leverage advanced technology to address cybersecurity challenges. Tickers of interest include $META.
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Highly Effective • 25%
Moderately Effective • 25%
Slightly Effective • 25%
Ineffective • 25%
Improved Account Recovery • 25%
Reduced Scam Ads • 25%
Enhanced Security • 25%
Other • 25%
Yes • 50%
No • 50%
Improved security • 25%
Faster account recovery • 25%
Reduced scams • 25%
Other • 25%
Facial Recognition • 25%
AI-based Content Moderation • 25%
User Reporting System • 25%
Other • 25%