‘Epidemic of Scams’ Flooding Instagram and Facebook Affecting Many Different Industries, Says Meta: Report
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Meta is facing a significant increase in scams on its platforms, Instagram and Facebook, which have been growing in scale and sophistication. The company is experimenting with facial-recognition technology and forming partnerships with banks to combat the issue. Reports indicate that nearly half of all scams reported by JPMorgan Chase customers are linked to Meta. Despite some improvements, Meta has deprioritized enforcement against scams, leading to concerns from JPMorgan and affected businesses.
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