Who is responsible for rising online frauds: Tension rises between technology companies and banks in the UK – Times of India

Tensions are escalating in the U.K. as banks and payment companies grapple with social media firms over who should bear the cost of compensating victims of online fraud. Starting October 7, banks will be required to reimburse up to £85,000 to victims of authorized push payment (APP) fraud, a scam where criminals trick people into…

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Meta CEO Mark Zuckerberg says he was ‘pressured’ by Joe Biden to pull Covid content – Times of India

Meta Platforms Inc Chief Executive Officer Mark Zuckerberg alleged that Facebook was “pressured” by the US government to censor content related to Covid-19 during the global pandemic and that he regrets the company’s decision to accede to the demands.“In 2021, senior officials from the Biden Administration, including the White House, repeatedly pressured our teams for…

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‘Bringing WhatsApp, Signal, Telegram, Google Meet and other OTT apps under telecom licence is violation of the Indian Constitution as …’ – Times of India

Another big fight is brewing between telecom operators — Airtel, Reliance Jio and Vodafone-Idea — and internet giants over the regulation of over-the-top (OTT) platforms. Telecom industry body COAI has called for bringing popular messaging and video call apps like WhatsApp, Telegram, and Google Meet under the ambit of telecom licences, arguing that they contribute…

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‘Respect’: Facebook founder Mark Zuckerberg on how Google DeepMind CEO negotiated with Google playing him off – Times of India

Meta CEO Mark Zuckerberg recently commended DeepMind co-founder Demis Hassabis for his strategic negotiation tactics during Google’s acquisition of the AI research lab in 2014. Speaking at a South Park Commons event, Zuckerberg revealed that Facebook (now Meta) had been in talks to purchase DeepMind before Google secured the deal for over $500 million.“I did…

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Meta removes 63,000 Nigerian Instagram accounts accused of sextortion scandals – Times of India

Meta, the parent company of Facebook and Instagram, has removed down 63,000 Instagram accounts based in Nigeria, taking down a widespread sextortion racket . The company announced on that these accounts were engaged in financial sextortion scams, primarily targeting adult men in the United States.The crackdown, which occurred in late May, focused on a network…

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