Reform UK Says Big Tech Must Share ‘Pain’ of Fraud With Banks

Reform UK’s deputy leader said big technology companies must “share the pain” with banks of reimbursing the victims of financial fraud facilitated by their platforms.

Richard Tice said Reform would examine ways to make tech companies take more responsibility for weeding out fraudulent advertisers using their sites and rogue sellers using their marketplaces, if his poll-leading party wins the next general election, due by mid-2029.