The United Kingdom will force banks to compensate scam victims under a world-first scheme, and Australia's financial services minister now says he's considering similar rules here.
And there are fears scams could increase as customers take less care and make the UK a greater target for criminals.
Then maybe the banks can step up then?
But there are plenty of scam prevention measures banks could implement. All of them make payments more of a pain in the ass and there are way too many people who would trade safety for convenience. That said I like this measure. If scam education isn’t working well enough then it’s time to treat people with kid gloves.
Then maybe the banks can step up then?
But there are plenty of scam prevention measures banks could implement. All of them make payments more of a pain in the ass and there are way too many people who would trade safety for convenience. That said I like this measure. If scam education isn’t working well enough then it’s time to treat people with kid gloves.