Facebook owner Meta forms data-sharing pact with UK banks to counter scams

1. Meta collaborates with U.K. banks on fraud prevention initiative. 2. Program aims to detect and eliminate scamming accounts effectively. 3. Past success includes removing 20,000 scam accounts from a concert ticket scheme. 4. Banks are pushing Meta for stronger action against prevalent scams. 5. Scammers exploit Meta's platforms through various fraudulent tactics.