Digital bank, Revolut, don blast Meta, say mek e compensate scam victims

Revolut talk say Meta no dey do enof as e supposed to dey stop scammers wey dey use dem platform.

Dem say Meta suppose take responsibility to dey compensate pipo wey don lose monie to scam.

Revolut com yarn say dem don si many scam cases wey involve Meta platforms, lik Facebook, Instagram, and WhatsApp.

Dem talk say Meta suppose improve security wey go mek am hard for scammers to tak operate.

But Meta suppose respond to Revolut allegations, explain wetin dem dey do to stop scams.

But Revolut no go gree, say Meta no dey tak scam serious; say dem suppose do pass wetin dem talk say dem don do.

One day afta Meta announce say dem don patna wit UK banks NatWest and Metro Bank to share data wey go help dem tak stop costomas wey de yenta scam mata.

Revolut com talk say di agriment no reach level, say dis agriment wey Mr. Mark talk so no go stop scam worldwide.

Im com stil yarn say Meta and di UK banks no go do enof to protect pipo from scam.

Dem say di patnaship no dey strong enof to stop scam globally.

Dem talk say:

“Meta and UK banks announce patnaship to stop scam, but e no bi enof.

E no go stop scam worldwide. Dem need do more, take stronger steps to protect pipo.”

Fintech company, Revolut, talk say Meta and oda social media platforms suppose compensate pipo wey fall victim to scam for dia sites.

“Meta and odas social media platforms suppose take responsibility, compensate pipo wey lose money to scam for dia platform.

Dem no suppose allow scammer operate freely, dem suppose protect dia users.”

From Octobir 7, new payment rules go start, wey require banks and payment companies to compensate victims of authorized push payment scam up to £85,000.

“New rule wey go start on Octobir 7, say banks and payment companies must to compensate pipo wey fall victim to authorized push payment scam.

Dem go pay dem up to £85,000. Dis one go help protect pipo from scam.”

British fintech company, Revolut, yarn on Thursday say Meta, wey bi owner of Facebook, no dey take scam serious, say dem suppose compensate pipo wey fall victim to scam through dem social media platforms.

Revolut talk say:

“Meta no dey care about scam, dem suppose pay pipo wey lose money to scam for Facebook, Instagram, WhatsApp.

Dem get money, dem suppose take responsibility.”.

One day afta Meta announce say dem don partner wit UK banks NatWest and Metro Bank to share data and stop customers from enta scam, Revolut talk say di agreement no reach level, say e no go stop scam worldwide.

Woody Malouf, wey bi head of financial crime for Revolut, yarn say:

“Meta plans to stop financial fraud for dia platform bi lik small pikin steps, but wetin industry need na giant leaps forward.”

“Meta dey tak small-small steps to stop financial fraud, but Revolut say dem need take big-big steps, mak giant leaps forward, to really stop scam.”

Meaning say Meta’s efforts no dey enof, dem need do more, tak bigger actions to stop financial fraud.

Woody Malouf talk say:

“Dem social media platforms no dey take responsibility to pay back victims, so dem no get reason to do anything about am.

To share data good, but e no dey enof.”

“Meta, Facebook, Instagram, dem no dey care about victims, dem no pay dem back.

Malouf dey talk truth, say Meta no dey take responsibility for scam wey happun for dem platform.

CNBC don ask Meta for comment, but dem no respond.

Meaning say Meta need to do more pass just to share data, dem need take responsibility, compensate victims.

New rules for payment industry go start for UK on Octobir 7, wey say banks and payment companies must pay victims of authorized push payment (APP) scam up to £85,000 (or $111,000).

From Octobir 7, UK banks and payment firms go dey pay victims of APP scam, maximum £85,000.

Dis one go help protect pipo from scam.

APP scam bi wen persin authorize payment, but scammer deceive dem.

New rule go mek banks and payment companies responsible to pay back victims.

Dem say victims of scam go receive compensation of £85,000 (or $111,000).

But bifor-bifor, Britain’s Payments System Regulator bin recommend £415,000 as maximum compensation, but banks and payment firms no gree, dem protest, so dem reduce am to £85,000.

UK government bin wan’ mek banks pay scam victims up to £415,000, but banks no agree, dem talk say na too much.

Now, dem agree say £85,000 dey okay.

Meaning say banks and payment firms no wan’ lose too much monie, so dem fight against high compensation, and government agree to reduce am.

Revolut’s Woody Malouf yarn say:

“We dey support UK government efforts to fight scam, but Meta, Facebook, Instagram, and odas social media platforms suppose compensate pipo wey fall victim to scam through dem sites.”

“UK government dey try stop scam, we dey support dem.

But Meta, Facebook, odas social media platforms suppose tek responsibility, pay pipo wey lose money to scam for dem platform.”

Malouf dey talk say social media platforms suppose share responsibility, compensate victims of scam wey happun through dem sites.

Fintech company, Revolut, release report on Thursday, say 62% of scam wey users report for dem online banking platform com from Meta, compared to 64% last year.

Revolut yarn say: “Meta still dey top list of scam origin, 62% of scam wey our users report com from dem platform.

Last year, e bi 64%.” Meaning say Meta still dey contribute majority of scam wey happun for Revolut platform, but small reduction from last year.

Revolut yarn say for dem report, “Consumer Security and Financial Crime Report”, Facebook bi di numbir one place wey scam dey happun, 39% of all scam com from there.

WhatsApp follow for second place, 18% of scam happun through dem.

“Facebook na di biggest source of scam, 39% of all scam wey our users report come from there.

WhatsApp follow with 18%.

Oda platforms lik Instagram, Twitter, also get share, but Facebook and WhatsApp dey top list.”

“Revolut report show say Facebook na di king of scam, 39% of scam come from there.

WhatsApp dey second place with 18%. Dem suppose do something!”

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