{"id":169224,"date":"2025-12-01T12:58:11","date_gmt":"2025-12-01T12:58:11","guid":{"rendered":"https:\/\/www.newsbeep.com\/ie\/169224\/"},"modified":"2025-12-01T12:58:11","modified_gmt":"2025-12-01T12:58:11","slug":"new-eu-wide-laws-will-make-social-media-companies-liable-for-financial-fraud","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ie\/169224\/","title":{"rendered":"New EU-wide laws will make social media companies liable for financial fraud"},"content":{"rendered":"<p><img decoding=\"async\" alt=\"Social media platforms will have to pay banks for reimbursement of their customers if they are informed of fraudulent content but fail to remove it. Stock image\" src=\"https:\/\/www.newsbeep.com\/ie\/wp-content\/uploads\/2025\/12\/b419acda-41c6-4de6-9563-7fe612f464df.jpg\" loading=\"eager\" width=\"100%\" data-testid=\"article-image\"  \/><\/p>\n<p class=\"indo-ebe0ecc6_root indo-ebe0ecc6_caption1 indo-300db776_none indo-91174671_secondary indo-66f0fec7_regular indo-1d70522a_marginbottom0 indo-1d70522a_marginleft0 indo-1d70522a_marginright0 indo-1d70522a_margintop3 indo-b48c4984_left\" style=\"color:var(--color-grey-60)\">Social media platforms will have to pay banks for reimbursement of their customers if they are informed of fraudulent content but fail to remove it. Stock image<\/p>\n<p class=\"indo-ebe0ecc6_root indo-ebe0ecc6_paragraph indo-300db776_none indo-91174671_primary indo-1d70522a_marginbottom0 indo-1d70522a_margintop0 indo-b48c4984_inherit\" style=\"color:var(--color-primary-80)\">Social media companies such as Facebook and TikTok will be held liable for financial fraud that happens on their platforms under new EU-wide laws.<\/p>\n<p class=\"indo-ebe0ecc6_root indo-ebe0ecc6_paragraph indo-300db776_none indo-91174671_primary indo-1d70522a_marginbottom0 indo-1d70522a_margintop0 indo-b48c4984_inherit\" style=\"color:var(--color-primary-80)\">Amid a huge surge in elaborate online scams, the platforms will have to pay banks or financial institutions for the reimbursement of their customers if they are informed of fraudulent content but fail to remove it.<\/p>\n","protected":false},"excerpt":{"rendered":"Social media platforms will have to pay banks for reimbursement of their customers if they are informed of&hellip;\n","protected":false},"author":2,"featured_media":169225,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[72,2244,1712,823,1711,974,61,542,60,25081,1226,42498,4162,251,6116,812,19247],"class_list":{"0":"post-169224","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"tag-business","9":"tag-eu","10":"tag-european-commission","11":"tag-facebook","12":"tag-google","13":"tag-howard-lutnick","14":"tag-ie","15":"tag-instagram","16":"tag-ireland","17":"tag-mary-regan","18":"tag-meta","19":"tag-michael-mcgrath","20":"tag-tariffs","21":"tag-technology-news","22":"tag-tiktok","23":"tag-usa","24":"tag-x-formerly-twitter"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/169224","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/comments?post=169224"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/169224\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media\/169225"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media?parent=169224"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/categories?post=169224"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/tags?post=169224"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}