Online fraud is on the rise and according to the consumer champion, Which?, organisations are not doing enough to stamp it out. With millions of people getting scammed on platforms owned by tech giants, Which? has called on the government to bring forward the implementation of the Online Safety Act.

According to Which? research, 6.6 million people have lost money in the UK to online scams in the last 12 months. Three-quarters of those scammed online – just under five million – reported falling victim on platforms that committed to the last government’s voluntary Online Fraud Charter, which marks its first on year anniversary this week.

https://thefintechtimes.com/online-fraud-charter-hasnt-had-desired-impact-6-6mil-uk-adult-fall-victim-to-fraud-finds-which/