Meta expands Fire program, UK banks share scam intelligence with Facebook to combat fraud.

Meta, the parent company of Facebook, Instagram, and WhatsApp, is expanding its Fraud Intelligence Reciprocal Exchange (Fire) program, enabling UK banks to share scam-related intelligence directly with the tech giant. Initially tested with NatWest and Metro Bank, the program successfully removed around 20,000 scam accounts linked to a concert ticket fraud network. Experts highlight the need for broader collaboration and government support to enhance data sharing in the fight against scams.

October 02, 2024
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