Online platforms will have to ban scam ads under UK proposals to tackle fraud
Summary
UK regulators propose new rules requiring major online platforms like Facebook, Instagram, X, and YouTube to block scam advertisements and prevent fraudsters from creating accounts. These measures aim to protect users from online fraud and will be legally enforced under the Online Safety Act, with possible fines for non-compliance.Key Facts
- Big tech platforms in the UK must ban scam ads and stop scammers from making new accounts.
- The rules target major platforms such as Instagram, Facebook, X, YouTube, Google, and ChatGPT.
- Platforms must reduce the risk of account hijacking and ensure financial ads have legal approval.
- If platforms fail to follow the rules, they could be fined up to 10% of their global revenue.
- The UK regulator Ofcom launched a consultation on these rules, which closes in October, with final decisions expected next year.
- The proposals also include protecting journalistic content and giving users options to limit harmful material.
- Consumer groups and experts warn that AI is making scams more advanced, increasing the need for quick action.
- Wikipedia was not classified as a full category 1 platform but labeled as an emerging platform with fewer restrictions.
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