The social media giant Meta is facing growing pressure from MPs, consumer groups and the UK banking sector over its failure to prevent a “tsunami” of fraud on Facebook, Instagram and WhatsApp, where Britons are losing “life-changing” sums every day.It comes as a Guardian investigation reveals the human stories behind scams that originate on Meta’s platforms, with a nationwide estimate released this week predicting the tech firm’s failure to stamp out fraud will cost UK households £250m during 2023.With someone in the UK said to fall victim to a purchase scam starting on either Facebook or Instagram every seven minutes, the Guardian asked people who had been defrauded on these sites as well as its WhatsApp platform to get in touch.One Facebook user told us she was defrauded of her life savings and got pulled into debt, losing a total of £70,000, after being duped by an investment scam. While some people lost large amounts of money, a stream of unsuspecting online shoppers reported being conned out of smaller amounts when they placed orders with bogus online shops advertised on Facebook and Instagram.Among the most upsetting experiences shared were those of victims of the WhatsApp “Hi Mum” impersonation scam, where
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Victims speak out over 'tsunami' of fraud on Instagram, Facebook and WhatsApp | Meta
