General Insurance Article - Reporting Stage of the Online Safety Bill

 “Whilst there has been significant upheaval in government over the last week, it is imperative that the good progress being made on this important issue continues. We need to focus on what more can be done to protect the most vulnerable and ensure the UK is one of the safest places to be online.”
 
 “Financial fraud costs the UK hundreds of millions of pounds a year, damaging the lives of individuals, families and impacting our society. With a backdrop of increasing inflation and people having their finances squeezed, there are fresh opportunities for fraudsters to target those who are struggling, particularly through social media platforms. Action needs to be taken, and soon, which is why the Online Safety Bill is so important.
 
 “We will continue to work with policymakers to ensure that this legislation will create an online environment that protects consumers and puts the onus on social media platforms to act more responsibly. At the same time, we remind consumers to stay alert to the risks of online fraud and always exercise caution when asked to share financial information online.”