Second reading of Online Safety Bill in parliament

The bill, first introduced to parliament in May last year, initially excluded provisions to tackle online financial fraud. After the industry raised concerns about the lack of these provisions, it prompted a government U-turn. Last month, the government further widened the scope of the bill by including paid-for advertisements in a bid to eradicate the increase in financial scams. Phoenix Group head of financial crime prevention Yvonne Collins said: "As the Online Safety Bill makes its way through parliament it is crucial that measures to crack down on fraudulent online advertising ar...