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Social media firms should reimburse online purchase scam victims – Barclays
Social media firms should reimburse online purchase scam victims – Barclays
Tech companies should help to reimburse the victims of social media purchase scams, bosses at Barclays have said. It comes as data from the bank revealed a jump in the number of social media scams affecting British shoppers. Purchase scams, where people buy good which never arrive or are not as advertised, now account for two thirds of all reported scams, according to the research. Barclays said that 88% of these scams, which cause victims to lose £1,000 on average, start on social media platforms. The bank has called for more to be done in order to prevent these scams, demanding further action from social media companies and politicians. It has called for a victim reimbursement fund to be financed by all firms whose systems and platforms are used to perpetrate scams, including tech companies and banks, as part of four recommendations. Currently victims are only reimbursed by funding from banks, Barclays said. The banking giant also called for the creation of a cross-Government group within the Home Office to deal with the issue in order to coordinate regulators, policy makers, industry groups, and companies across different sectors. The prevention of scams should also be made mandatory, particularly for tech companies, in a shift from current voluntary measures, it added. Barclays also urged the Government to make organisations publish their scams data in order to inform consumers of the risks involved in using their platforms. Matt Hammerstein, chief executive officer of Barclays UK, said: “With so much of everyone’s lives now being online, from staying connected with friends and family, to shopping, it’s important that people feel safe on the platforms they use. “Our data shows that tech platforms, particularly social media, are now the source of almost all scams. “However, there is no current legislative or regulatory framework obliging the tech sector to support the prevention of these crimes, as there rightly is for banks. “We can only drive back this epidemic, and protect UK competitiveness, by stopping scams at their source, preventing the flow of funds to organised crime.” Read More Charity boss speaks out over ‘traumatic’ encounter with royal aide Ukraine war’s heaviest fight rages in east - follow live Hozier would consider striking over AI threat to music industry Snapchat experiences ‘temporary outage’ as My AI chatbot posts own Story Crime victims’ data revealed by two police forces in FoI responses
2023-08-21 07:19
Lemonex announces approval of IND application for mRNA-DegradaBALL vaccine, LEM-mR203, phase 1 clinical trial
Lemonex announces approval of IND application for mRNA-DegradaBALL vaccine, LEM-mR203, phase 1 clinical trial
SEOUL, South Korea--(BUSINESS WIRE)--Aug 9, 2023--
2023-08-09 19:51
'Orca wars': Why are killer whales attacking boats, and are they really rising up?
'Orca wars': Why are killer whales attacking boats, and are they really rising up?
A spate of recent orca attacks has fuelled concern among scientists in recent weeks for animal safety, and even led to speculation that the ocean mammal could be trying to rise up against humans. But are they? In a new trend – dubbed "orca wars" by some on social media – a population of orcas has recently been smashing into boats off the coast of Portugal and near the Strait of Gibraltar at a rate of nearly one per day. That's according to researcher Rui Alves, who collects data on the attacks. In June alone there have been 12 orca attacks on boats and 12 other encounters. In May, there were 21 attacks, says his website, orca.pt. Sign up to our free Indy100 weekly newsletter Of course, social media reacted just how you might expect: by picking a team. One person tweeted: “If you an orca whale reading this, i am on your side. I have always been on your side.” Researchers don’t know exactly why this is happening, but there are two main hypotheses. The first is that killer whales – highly intelligent and social creatures – have invented a new fad, something that younger members of orca pods have been known to do. The other, more concerning possibility, is that it is a response to trauma involving a boat, Dr Alfredo López Fernandez, of Grupo Trabajo Orca Atlántica (GTOA, or Atlantic Orca Working Group), told the Guardian. “[It could be a] response to an adverse situation; one or several individuals have had a bad experience and are trying to stop the boat so as not to repeat it. This behaviour coincides with the profile of adults,” he said. If it is the latter, there is even one key suspect in starting the trend: a white orca called Gladis Blanca (or White Gladis), who is thought to have had a bad collision with a vessel at some stage. Other adult orcas in the region also have injuries consistent with boat collisions or entanglement, López added. “All this has to make us reflect on the fact that human activities, even in an indirect way, are at the origin of this behaviour,” he said. In fact, the attacks are not such a new thing. Back in 2020, a group of orcas were seen pursuing sailboats in the region, in an act of aggression that was previously thought to be extremely rare. Since then, it has grown more and more common. The orcas have tended to ram into the hulls of boats, but they have also been seen scraping them with their teeth. The attacks sometimes snap the boats’ rudders, leaving sailors unable to navigate. In three cases, the animals damaged a boat so badly that it sank. However, for all the concern that the orcas might be getting, erm, orca-nised, scientists remain concerned that the attacks could come back to bite the ocean mammals eventually. The Iberian orca subpopulation is considered critically endangered, according to GTOA, with only 39 animals the last time a full census was carried out in 2011. López and his colleagues fear boaters may lash out, or that the orcas might hurt themselves in the process of ramming the vessels. Either way, it doesn’t look like the attacks will stop any time soon. So who knows: maybe the ocean world really is rising up… Have your say in our news democracy. Click the upvote icon at the top of the page to help raise this article through the indy100 rankings.
2023-06-19 16:19
Threats and shared gold after cheating row rocks eSports final
Threats and shared gold after cheating row rocks eSports final
An eSports final at the Southeast Asian Games has been rocked by cheating allegations that led to the gold medal being shared...
2023-05-11 22:27
Senate Democrats write to Google over concerns about abortion-seekers' location data
Senate Democrats write to Google over concerns about abortion-seekers' location data
Nearly a dozen Senate Democrats wrote to Google this week with questions about how it deletes users' location history when they have visited sensitive locations such as abortion clinics, expressing concerns that the company may not have been consistently deleting the data as promised.
2023-05-25 03:28
Good Measures Announces Donna K. Lencki as New Chief Executive Officer
Good Measures Announces Donna K. Lencki as New Chief Executive Officer
BOSTON--(BUSINESS WIRE)--May 31, 2023--
2023-05-31 20:47
Tesla Data Breach Blamed on ‘Insider Wrongdoing’ Impacted 75,000
Tesla Data Breach Blamed on ‘Insider Wrongdoing’ Impacted 75,000
Tesla Inc.’s May data breach impacted more than 75,000 people, included employee-related records and was a result of
2023-08-21 05:45
Schroders New Bond Scores Tilt Scales Toward Emerging Markets
Schroders New Bond Scores Tilt Scales Toward Emerging Markets
Schroders Plc said it has a way to score sovereign debt that corrects for the rich-world biases inherent
2023-09-22 16:58
12 Simple Tips to Speed Up Windows
12 Simple Tips to Speed Up Windows
As PC hardware continues to speed up, so does software, and the Windows operating system
2023-05-09 05:46
Price war: Amazon excludes rival Temu from competitive price checks
Price war: Amazon excludes rival Temu from competitive price checks
By Arriana McLymore NEW YORK Amazon is excluding its new competitor Temu from its price searching algorithm that
2023-06-16 21:59
xScreen Is Now an Officially Licensed Portable Display for Xbox Series S
xScreen Is Now an Officially Licensed Portable Display for Xbox Series S
Xbox Series S owners now have the option of a "Designed for Xbox" portable screen,
2023-09-30 00:49
The 20 Cities With the Worst Air Pollution Worldwide
The 20 Cities With the Worst Air Pollution Worldwide
Under normal circumstances, the U.S. doesn't rank on the list of the 20 worst cities for air quality.
2023-06-19 20:24