Facebook parent company Meta on Wednesday said that it's working with two leading banks in the U.K. on an information-sharing arrangement to help protect consumers from fraud.
NatWest and Metro Bank are the only banks in the U.K. that are currently part of the fraud information-sharing pact, but more are set to join later on, according to Meta.
"This work has already seen us take action against thousands of accounts run by scammers, indicating the importance of banks and platforms working together to tackle this societal issue," Nathaniel Gleicher, global head of counter-fraud at Meta, said in a statement Wednesday.
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