To ask Her Majesty's Government what plans they have to require social media companies to reimburse users who are victims of online fraud.
Answered on
15 February 2022
We are deeply concerned about the growth and scale of online fraud, and the devastating financial and psychological impact it can have on individuals.
The Online Safety Bill will go far in tackling the threat of online fraud and increasing people's protection from the impact of scams posted on social media apps and dating sites. This includes some of the highest-harm frauds, such as investment and romance scams.
However, we recognise that more must be done and will consider all opportunities to better protect the public. We are committed to tackling those responsible and are working closely with law enforcement, regulators and social media companies to achieve this.