The charter, which includes signatures from 12 key tech firms, acknowledges the threat of fraud and financial exploitation to the public via their platforms, with signatories agreeing to implement specific measures tailored to their businesses.
Within 6 months, the signatories have agreed to implement:
- Measures to detect and block fraudulent material;
- A simple and quick route to report fraudulent material;
- Actions against fraudulent content and users immediately;
- Measures to protect people from fraudulent adverts;
- Dedicated liaisons who will respond to law enforcement requests;
- Increased engagement with initiatives to quickly share information on frauds;
- Measures to transparently provide information about fraud risks and actions being taken to address them;
- Simple messaging to support the public to recognise and avoid online fraud; and
- Horizon scanning exercises to stay ahead of fraud threats.
Firms operating within the UK technology sector should view the Charter for awareness of market practice regarding the mitigation and prevention of fraud.