Summary
- Meta has launched a new program called Fraud Intelligence Reciprocal Exchange (Fire) to block scams on social media.
- The program has already blocked 8,000 pages and 9,000 celebrity scams in its first six months of operation.
- Seven major banks are involved in the Fire program to report known scams and work with Meta to tackle scam activities.
- The aim of the program is to make Australia a less appealing target for scammers.