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71% surge in bank transfer fraud losses in first half of 2021
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Why won t banks help protect over 70s from falling victim to fraud?
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Bank transfer scam code is to be strengthened April 20, 2021, 3:32 pm
A voluntary code for banks which helps innocent victims of bank transfer fraud to get their money back is to be strengthened (Dominic Lipinski/PA)
A voluntary code for banks that helps innocent victims of bank transfer fraud to get their money back is to be strengthened.
The code helps victims of authorised push payment (APP) scams, where people are tricked into transferring money directly into a fraudster’s bank account, often because they believe they are dealing with someone else, such as their bank, a legitimate business or the police.
Bank transfer scam code is to be strengthened April 20 2021, 3.32pm
A voluntary code for banks which helps innocent victims of bank transfer fraud to get their money back is to be strengthened (Dominic Lipinski/PA)
A voluntary code for banks that helps innocent victims of bank transfer fraud to get their money back is to be strengthened.
The code helps victims of authorised push payment (APP) scams, where people are tricked into transferring money directly into a fraudster’s bank account, often because they believe they are dealing with someone else, such as their bank, a legitimate business or the police.
Bank transfer scam victims still fail to get their money back
thisismoney.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thisismoney.co.uk Daily Mail and Mail on Sunday newspapers.