New York lawmakers and consumer advocates are urging Albany to pass legislation targeting fraudulent ads on social media platforms. The proposed Fraudulent Social Media Advertising Prevention Act would require companies like Meta and TikTok to verify advertisers, improve scam reporting systems and face liability for fraudulent ads appearing on their platforms. Supporters say online scams […]
New York lawmakers and consumer advocates are urging Albany to pass legislation targeting fraudulent ads on social media platforms. The proposed Fraudulent Social Media Advertising Prevention Act would require companies like Meta and TikTok to verify advertisers, improve scam reporting systems and face liability for fraudulent ads appearing on their platforms. Supporters say online scams cost New Yorkers more than one billion dollars last year alone, with seniors often targeted through fake Medicare and investment schemes. The push comes after a new report claimed Meta allowed repeat scammers to reach millions of users with fraudulent advertisements.
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