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Meta says: “The Fraud Epidem” is long on Instagram and Facebook that affects many different industries.

According to Meta’s executive officials, a serious new problem in fraud that affects its social media platforms.

A spokesman for Meta, the mother company for the social media giant Instagram and Facebook, said, ” Wall Street Journal The company’s giant deals with the “trick epidemic”, which grows dramatically in recent years, both in size and development.

“Since this fraud activity has become more stable and developed, as well as our efforts.”

A spokesman for the Meta reveals facial recognition technology with the formation of partnerships with banks and technology companies because fraud affects many industries and “different parts of society”.

Quoting the people familiar with the matter, WSJ also indicates that JPMorgan Chase has raised concerns with Meta about the police – or its lack of fraud.

Meta formed nearly half of all the frauds reported on Zelle for the JPMorgan Chase customers between the summer of 2023 and 2024, according to the WSJ source. JPMorgan recently started banning some Zelle payments and warning users of transactions that arise from social media platforms such as Meta.

The person said that the number of frauds associated with Meta has shown an improvement in recent months.

However, it was reported that the documents witnessed in WSJ showed that Meta had recently enforced fraud operations, avoiding removal from wrong ads due to supposed safety concerns, while reducing costs and transporting resources to other departments.

WSJ conducted an interview with Edgar Guzman, the owner of the home improvement supplies and Garden Garden in Atlanta, who said that fraud operations targeted its customers unabated, which led them to pay payments for products that never arrive.

Joseman says,

“What it absorbs is that we must break it to the people who have been deceived – we do not even do online sales … We continue to report the pages to the definition, but nothing happens at all.”

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