Are Meta and Google doing enough to stop online frauds?

Tech platforms like Google, Meta, or even e-marketplaces such as Olx are increasingly becoming hotbeds of online advertising scams in India. People have been losing anything from a few thousands to even a few crore rupees to cyber crime syndicates who have  proficient, tech-savvy members.

The amount of money consumers have reported losing to fraud that originated on social-media platforms has skyrocketed since 2017. Last year alone, people reported losing more than $1.2 billion to fraud that started on social media.

What are big techs like Google and Meta doing to prevent these crimes? Is it enough?

Tune in to find out.

**This episode is a rerun and was first published on Nov 27, 2023

Listen to the latest episode of Two by Two here

Daybreak is produced from the newsroom of The Ken, India’s first subscriber-only business news platform. Subscribe for more exclusive, deeply-reported, and analytical business stories.