Social media giants must help us clamp down on soaring fraud, says bank boss
The boss of one of the UK’s top high-street banks has called on online giants such as Facebook to pull their weight in combatting Britain’s growing fraud epidemic.
Robin Bulloch, the CEO of TSB, said social media companies are a growing starting point for fraud as they allow criminals free access to vast numbers of potential victims.
Bank fraud costs Britons more than £1bn, according to industry statistics. TSB led the charge five years ago in agreeing to compensate when people had lost money through no fault of their own.
