Thank you.
This topic has done what is challenging to do. I feel this committee is really galvanized around the issue. We're tired of hearing from constituents who have been scammed. We read about it in the newspaper every single day. The platforms are the conduits for this—platforms where they just want to share pictures of their grandchildren or catch up on news from friends around the world.
In December 2024, the U.K.'s Payment Systems Regulator stated that in 2023, Meta platforms were linked to “54% of the volume and 18% of the total value of [all authorized push payment] scams.” These are frauds that manipulate people and businesses. We're not talking a lot about businesses. We're not talking a lot about romance scams either, which are almost doubly devastating because they prey on people's loneliness.
Mr. Camfield, you said that you can identify fraud patterns, even in end-to-end encrypted messages. You said that you have impersonation protection and that we need to fight these industrial-scale networks. However, Meta is an industrial-scale global giant, so I'm really at a loss.
By allowing that volume of fraud on your platform, how are you not being reckless or a party to this misleading advertising? Are you doing enough with your scam prevention hub? Do you care about the people in those fraud centres who you say are perpetuating these crimes and about the people in our ridings who are being scammed?