The #EU passed a new law holding #socialmedia #platforms liable for #financialfraud. The law requires platforms to compensate banks when a user is defrauded due to the platform’s failure to remove #reportedscams. This builds on existing regulations like the #DSA and #DMA, which aim to curb #illegalcontent and prevent tech giants from leveraging their dominance. https://mashable.com/article/social-media-companies-held-liable-for-finance-scams-in-new-eu-rules?eicker.news #tech #media #news