Source · Select Committees · Treasury Committee
Recommendation 20
20
Acknowledged
Paragraph: 102
We recommend that the Government seriously consider whether online companies should be required to contribute...
Recommendation
We recommend that the Government seriously consider whether online companies should be required to contribute compensation when fraud is conducted using their platforms.
Government response summary AI-generated
The government notes the recommendation and is happy to discuss any ideas for redress models which the Government or other regulators would like to develop.
Summary of the government's response below — read the verbatim text to verify.
Paragraph Reference:
102
Government Response
Acknowledged
HM Government · verbatim extract
Acknowledged
Every company owes it to their customer to protect them from fraud and support them when they have fallen victim. Consumer safety should be the core guiding principle at the heart of every business model. We are working closely with technology companies and partners in law enforcement and civil society to consider every possible option to support victims of online fraud and to mitigate the harm that they have experienced.
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