Revolut urges Meta to step up on cyber fraud reimbursement

British online bank Revolut on Oct 3, 2024 urged Facebook owner Meta to reimburse victims of password security breaches, blasting the US tech giant's data-sharing partnership with several UK banks as ‘woefully’ inadequate. — AFP

PARIS: British online bank Revolut on Oct 4 urged Facebook owner Meta to reimburse victims of password security breaches, blasting the US tech giant's data-sharing partnership with several UK banks as “woefully” inadequate.

“Revolut is calling for Meta to commit to the reimbursement of fraud victims, arguing its data sharing initiative with UK banks and financial institutions falls woefully short of what's required to tackle fraud globally,” the UK fintech firm said in a statement.