Get the latest tech news

Meta Platforms Are ‘Hotbed’ for Financial Scams Says Revolut


Most scams reported to finance app Revolut Ltd. in the UK last year started their journey on Meta Platforms Inc. social media, with most money lost to “get-rich-quick” investment schemes.

Revolut found 60% of UK scam cases came from Facebook, Instagram and WhatsApp. Photographer: David Paul Morris/Bloomberg

Get the Android app

Or read this on Bloomberg

Read more on:

Photo of revolut

revolut

Photo of Meta platforms

Meta platforms

Photo of financial scams

financial scams

Related news:

News photo

Turkish competition board to fine Meta Platforms $160,000 per day

News photo

Here’s how HSBC’s international payments app Zing compares to Wise and Revolut

News photo

Revolut Issues Delayed Accounts to Bring UK Bank License Closer