TendieTensor TendieTensor
You’re browsing as
Guest
Free Preview
Sign in/sign up to unlock all features.

News  ›  Benzinga

Westpac CEO Calls For Meta And Other Social Media Giants To Take Tougher Action In Financial Fraud Prevention

Benzinga Logo Benzinga By Namrata Sen
Westpac CEO Calls For Meta And Other Social Media Giants To Take Tougher Action In Financial Fraud Prevention

Westpac's CEO urged social media companies, particularly Meta, to take more responsibility in preventing online scams, highlighting the growing threat to consumers and the need for collaborative fraud prevention efforts.

Insights
META   negative

Criticized for enabling scam advertisements and not taking sufficient action to prevent online fraud, with internal documents revealing potential $16 billion revenue from scam ads