Revolut urges Meta to step up on cyber fraud reimbursement

Revolut urges Meta to step up on cyber fraud reimbursement …C0NTINUE READING HERE >>>

A Revolut report said Meta needed to do more when it came to tackling instances of cyber fraud.
Photo: JULIEN DE ROSA / AFP/File
Source: AFP

British online bank Revolut on Thursday urged Facebook owner Meta to reimburse victims of password security breaches, blasting the US tech giant’s data-sharing partnership with several UK banks as “woefully” inadequate.

“Revolut is calling for Meta to commit to the reimbursement of fraud victims, arguing its data sharing initiative with UK banks and financial institutions falls woefully short of what’s required to tackle fraud globally,” the UK…

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