Social Media Platforms Held Liable for Financial Scams Under New EU Rules

Social Media Platforms Held Liable for Financial Scams Under New EU Rules

Social media giants including Meta and TikTok will face direct liability for financial scams under a new set of rules agreed to by European Union lawmakers early Thursday. After eight hours of negotiations, the European Parliament and Council struck a deal aimed at strengthening protections against payment fraud and expanding regulatory exposure for major U.S. … Read more

Australia To Impose Under-16 Ban on Facebook, TikTok, Instagram, YouTube and More

Australia is all set to enforce a new law on Dec. 10 banning children under 16 from using major social media platforms, including Facebook, Instagram, YouTube and TikTok.

CANBERRA — Australia is all set to enforce a new law on Dec. 10 banning children under 16 from using major social media platforms, including Facebook, Instagram, YouTube and TikTok. The Online Safety Amendment (Social Media Minimum Age) Act, 2024, amends the country’s Online Safety Act of 2021 and requires platforms to take “reasonable steps” … Read more