Google To Help Eliminate Financial Scams In U.K

Share post:

Google will crackdown on financial fraud on its U.K. platform.

Last year, the U.K.’s Financial Conduct Authority issued 1,200 warnings from consumers about scams promoted by fake companies on social media platforms – a 100% increase on the previous year’s warnings.

Google announced that beginning September 6, all financial services will have to be reviewed by the regulator before they can be advertised.

Google will begin enforcing the new guidelines after the Financial Conduct Authority (FCA) to review paid promotions.

The regulator will assess the outcome of Google’s decision when the changes take effect.

For more information, read the original story in Reuters.

SUBSCRIBE NOW

Related articles

Cyber Security Today, May 24, 2024 – A threat actor leverages Windows BitLocker in ransomware attacks, beware of ORB networks, and more

A threat actor leverages Windows BitLocker in ransomware attacks, beware of ORB networks, and more. Welcome to Cyber Security...

Canada centralizing cybersecurity efforts of federal IT departments

Federal departments and agencies are making only marginal progress in improving their cyber maturity, Ottawa said Wednesday as...

Cyber Security Today, May 22, 2024 – LockBit ransomware gang hits more victims, Fluent Bit servers need to be updated, and more

LockBit ransomware gang hits more victims, Fluent Bit servers need to be updated, and more. Welcome to Cyber Security...

Google criticizes Microsoft’s security practices in new report

Google has publicly criticized Microsoft for a series of security missteps, suggesting that organizations might consider more secure...

Become a member

New, Relevant Tech Stories. Our article selection is done by industry professionals. Our writers summarize them to give you the key takeaways