Banks must refund fraud up to £85,000 in five days

Quick Summary:

Victims tricked into sending money to scammers must be refunded within five days under new rules.

They then stole nearly £80,000.“They emptied everything that they had transferred from Santander and everything from Tide," she told the BBC."I collapsed, it was so awful.I felt I had colluded.

Carol Alexander, a lecturer in Financial Markets, was tricked into downloading software that gave fraudsters access to two of her bank accounts.

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Article Details

Category: Business

Markets: United KingdomMali

Topics: Tide Payment Refund Money Victims Financial Fraud Bank £85 Banks

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-25 @ 15:19:42 (2 days ago)

News Timezone: GMT +0:00

News Source URL: bbc.com

Language: English

Article Length: 821 words

Reading Time: 5 minutes read

Sentences: 30 lines

Sentence Length: 28 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © BBC Business

News ID: 22710566

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About BBC Business

Main Topics: Business

Official Website: bbc.co.uk

Update Frequency: 3 posts per day

Year Established: 1922

Headquarters: United Kingdom

News Last Updated: 16 hours ago

Coverage Areas: United Kingdom

Ownership: Independent Company

Publication Timezone: GMT +0:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #43

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