DavidDoesLemmy to AusFinance · 1 year agoAngela recognised the 'hi mum' scam too late — but feels her bank let her down with what came nextwww.abc.net.auexternal-linkmessage-square17fedilinkarrow-up136arrow-down10file-text
arrow-up136arrow-down1external-linkAngela recognised the 'hi mum' scam too late — but feels her bank let her down with what came nextwww.abc.net.auDavidDoesLemmy to AusFinance · 1 year agomessage-square17fedilinkfile-text
minus-squareephemeral_gibbonlinkfedilinkarrow-up4·1 year agoI saw that recently the UK introduced a law that sending and receiving banks have to each pay for half the scam. We need that here as it forces banks to create good fraud detection. Here’s an article on it: https://www.abc.net.au/news/2023-07-11/uk-laws-force-to-banks-reimburse-scam-victims-unless-negligent/102563000 If that was introduced I’d be surprised if most scams weren’t stopped after a few years
I saw that recently the UK introduced a law that sending and receiving banks have to each pay for half the scam. We need that here as it forces banks to create good fraud detection. Here’s an article on it: https://www.abc.net.au/news/2023-07-11/uk-laws-force-to-banks-reimburse-scam-victims-unless-negligent/102563000
If that was introduced I’d be surprised if most scams weren’t stopped after a few years