![Labour plans to make tech giants liable to reimburse victims of online fraud, report Labour plans to make tech giants liable to reimburse victims of online fraud, report](https://image.chitra.live/api/v1/wps/94dece9/661ae879-ed35-46d0-b41d-5424f2732a1c/14/contact-tracing-fraud-679x419.jpg)
Labour plans to make tech giants liable to reimburse victims of online fraud, report
The Labour Party has drafted a proposal to hold technology companies accountable for compensating victims of online fraud, signalling a significant shift from existing regulations that place the onus on banks.
Labour's planned move comes in response to mounting criticism from the financial sector and seeks to address the increasing prevalence of authorised push payment (APP) fraud. The annual cost of ...
To continue reading this article...
Join Computing
- Unlimited access to real-time news, analysis and opinion from the technology industry
- Receive important and breaking news in our daily newsletter
- Be the first to hear about our events and awards programmes
- Join live member only interviews with IT leaders at the ‘IT Lounge’; your chance to ask your burning tech questions and have them answered
- Access to the Computing Delta hub providing market intelligence and research
- Receive our members-only newsletter with exclusive opinion pieces from senior IT Leaders