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Facebook, Google Should Refund Scam Victims, U.K. Lawmakers Say

  • Parliamentary report on fraud takes aim at tech giants
  • Online platforms are an increasingly popular venue for scams

A group of U.K. lawmakers is urging the government to “seriously consider” forcing technology companies including Facebook’s owner Meta Platforms Inc. and Google’s parent Alphabet Inc. to refund victims of fraud on their sites.

“Placing a responsibility on online companies to reimburse consumers who are victims of online fraud could rapidly transform their approach,” the Treasury Committee’s report on economic crime said. “The government should seriously consider whether online companies should be required to contribute compensation when fraud is conducted using their platforms.”