Technology, telecoms and social media companies should take more responsibility for stopping scams as the problem reaches “epidemic proportions”, the UK’s biggest building society has warned. Cases of authorised push-payment fraud, where victims are persuaded to pay money into a criminal’s account, have risen sharply since the Covid pandemic began, with banks last week revealing that losses from such scams were up by 71% in the first half of the year. https://www.theguardian.com/money/2021/sep/27/scam-epidemic-big-tech-firms-must-join-fight-says-nationwide-chief
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