Scam victims to be reimbursed under new code: has your bank signed up to protect you?
People tricked into transferring money to fraudsters have increased protection under a new code - but only some banks have signed up. Will your bank protect you?
Fraud complaints hit record high as banks’ new anti-scam measures delayed
The Financial Ombudsman Service (FOS) has reported a massive surge in bank and fraud complaints over the past year, just day after a new security measure was delayed.
TSB will refund ALL scam victims – even if they gave details to fraudsters
TSB has vowed to pay back customers who have lost money to scams - even if they've sent a payment to a fraudster or handed over banking details.
Revealed: £354m lost in bank transfer scams in 2018
More than £354m was stolen from banking customers and small businesses through sophisticated bank transfer scams in 2018 – with only £83m ever recovered and returned to victims. New figures...
Bank transfer scam victims to get refunds from May 2019
Victims of bank transfer scams, who've lost almost £400m over the past two years, will get refunded by their bank under a new reimbursement scheme agreed by banks
Which? issues warning as scammers target NatWest and RBS customers
NatWest and Royal Bank of Scotland (RBS) customers are potentially being targeted by scammers, Which? can reveal, after hearing from victims who lost a staggering £350,000 in all. Which? Money...
Phone companies to end bank text scams
Phone companies have pledged to end number spoofing, where scammers hijack bank text messages and scare people into calling them back.
Scams reimbursement scheme may miss out blameless victims, Which? warns
Banks should foot the bill for all blameless victims of bank transfer fraud, Which? has urged, as new proposals to introduce a reimbursement scheme draw closer.
More help for payment scam victims – but some will still be out of pocket
Victims of bank transfer scams could soon be reimbursed for their losses if their bank was to blame under new plans announced today – but thousands of people will still...
Bank transfer fraud hits £145m in just six months
Fraud victims have lost more than £145m so far this year to the scam that leaves them with no legal way of getting their money back, and just 20% of losses have been recovered.