TheUKbankanalysedits internal customer fraud data between 2021 and 2022.
Facebook Marketplace is responsible for 60% of TSBs purchase fraud cases, seeing a 97% year-on-year increase.
Yes, that was a scam.
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This is followed by Facebook and text messages at 13% each.
Non-Meta-owned TikTok and Snapchat already offer this option for adverts.
Story byIoanna Lykiardopoulou
Ioanna is a writer at TNW.
With a background in the humanities, she has a soft spot for social impact-enabling technologies.
