<ul><li>Only one in five UK adults believe social media platforms are doing enough to tackle payment scams, according to a survey by Tunic Pay and Opinium.</li><li>69% of respondents believe social media firms have the power to do more to prevent scams, with 51% holding banks and social media platforms equally responsible for failing to prevent scams.</li><li>66% of respondents believe banks should work harder to check payment recipients before transactions go through.</li><li>Over £150 million were lost to authorised push payment (APP) scams in the UK in the first half of this year, causing concerns about using social media platforms.</li></ul>

Good People Use Social Media: Social Media Firms and Banks Have a Responsibility to Protect Them

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