Scammers profited over $658 million from social media users in H1 2023 

According to data presented by the Atlas VPN team, social media scams earned fraudsters an astounding $658M just in H1 2023, exponentially higher than any other contact method. Compared to 2022, total reported fraud losses increased by $50M (from $608M).   In all, 83,302 fraud instances originating from social media were recorded in the first half of 2023. The total number of social media fraud…

Tech Digest daily roundup: Social media firms face ‘humongous’ fines if they don’t block Under 13s

Social media firms could face “humongous” fines if they fail to block the accounts of under-13s, the technology secretary has said. Michelle Donelan made the comments on the eve of the long-awaited online safety bill returning to parliament for its final stages on Wednesday after numerous delays. Donelan said she wanted a “zero tolerance” approach…